Quicktake: FG Announces Sharp Drop In Food Prices Under Tinubu’s Administration
Federal Government has announced a sharp drop in prices of food under the Tinubu Admnistration
Media Adviser to President Bola Tinubu, Sunday Dare shared this update on the social media
He says that Tinubunomics continues to impact positively on both the economy and Nigerian Citizens.
Price inflation of most food stuff is being reversed. Prices of major foodstuffs are dropping. And petrol prices are stabilizing..
According to dare, prices of key food items and fuel have also gone down.
Maize dropped from N120,000 to N70,000, while onions fell from N220,000 to ,N60,000.
Rice now costs N90,000 instead of N110,000, and tomatoes dropped from n120,000 to N60,000.
Millet also saw a reduction from N95,000 to n70,000.
He also noted that the naira is gaining strength, with the exchange rate improving from N1,675 per dollar to N1,540.
Do you share the media adviser’s appraisal of the prevailing prices of essential commodities in the market?
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