President Bola Tinubu has again said that his administration is focused on reducing inflation from 34.6 percent to 15 per cent by 2025.
Addressing Nigerians in a New Year Day broadcast, the president said the high cost of food and essential drugs has remained a significant concern for several households across the country.
He said that in the new year, he is committed to intensifying all efforts to reduce the cost of living and through an improved food production.
Tinubu also said that his administration would promote local manufacturing of essential drugs and other medical supplies.
His words, “We are resolute in our ambition to reduce inflation from its current high of 34.6 per cent to 15 per cent. With diligent work and God’s help, we will achieve this goal and provide relief to all our people.”