The Digest:
The Presidency has announced a significant drop in the prices of major food items, framing it as a direct result of President Bola Tinubu's economic policies. In a statement, the government highlighted examples like a bag of dry onions, which it claims has fallen from ₦202,500 in February to ₦25,000, presenting this trend as a testament to the success of its agricultural and economic reforms.
Key Points:
- The Presidency announced a major decline in food prices between February and September 2025.
- A bag of dry onions reportedly fell from ₦202,500 to ₦25,000.
- A 50kg bag of local rice dropped from ₦95,000 to ₦40,000.
- Other staples like beans, maize, and tomatoes also saw significant price reductions.
- The government attributes the drop to better harvests and improved logistics.
- The statement claims this has reduced inflationary pressure and improved purchasing power.
- This is presented as measurable proof that the administration's economic direction is working.
Sources: Nigerian Tribune
