The Tinubu Media Force has commended the economic reforms of President Bola Tinubu, stating that food prices are gradually declining across major markets in Nigeria, signalling early gains from the administration’s policy direction.
The group noted that several key staple foods, including rice, pepper varieties and poultry feed, have recorded noticeable price reductions, reflecting improved supply chains and stabilising market dynamics.
The National Coordinator of the Tinubu Media Force, Gbenga Abiola, disclosed this in a statement issued in Lagos on Sunday, describing the trend as evidence that the Renewed Hope Agenda is beginning to deliver measurable outcomes.
According to Abiola, the gradual easing of food prices highlights the growing impact of economic and agricultural reforms introduced by the Tinubu administration, particularly interventions across the agricultural value chain.
He said reforms in production support, import regulation, logistics, and market coordination have helped reduce the cost of inputs for farmers and producers nationwide.
Abiola cited the drop in poultry feed prices as a clear example of the administration’s impact, noting that feed accounts for a significant portion of egg production costs.
He explained that the reduction in feed prices should ordinarily translate into lower egg prices for consumers but expressed concern that retail prices remain largely unchanged in many markets.
According to him, the slow adjustment by retailers has created a disconnect between policy gains at the production level and consumer prices, weakening the intended relief for households.
While prices rose quickly during periods of high input costs, Abiola noted that the same urgency has not been applied to price reductions, limiting the benefits of the reforms for ordinary Nigerians.
He stressed that for the Renewed Hope Agenda to deliver tangible relief, pricing practices must be fair, responsive and aligned with prevailing market realities.
The Tinubu Media Force therefore urged market associations, retailers and vendors to reflect the current cost environment in their pricing structures in the national interest.
Abiola added that Nigeria’s economic recovery requires shared responsibility across the supply chain, noting that cooperation will ensure affordable food prices, improved purchasing power, and renewed confidence in the economy.
Since assuming office in 2023, President Tinubu has implemented sweeping economic reforms, including the removal of fuel subsidies, foreign exchange unification, and tax and fiscal reforms.
The Federal Government has maintained that these policies are designed to attract investment, stabilise the naira, curb inflation, boost revenue, and reposition Nigeria’s economy for long-term growth.
