Presidency reveals Tinubu’s plan to cut inflation to 15% by December

The Special Adviser to President Bola Tinubu on Social Media, Dada Olusegun, shared that the president is committed to reducing inflation to 15% by December 2025.

Olusegun emphasized that agriculture would play a key role in achieving this goal, as the president aims to focus on food security.

In a post on X, Olusegun mentioned that several strategies have been put in place, including the delivery of farm equipment, which will begin soon.

He said, “For food security, I can confirm that agriculture will be a top priority in 2025, as President Tinubu aims to reduce inflation to 15% by December.

“To accomplish this, various initiatives have been set up, such as the delivery of farm equipment starting soon.

“It’s not only the 2,000 tractors President Tinubu mentioned in his New Year speech;

“4,000 disc ploughs, 1,000 disc ridges, 1,200 tractor trailers, and other essential spare parts will also be delivered to Nigeria soon as part of a major mechanization effort under the National Agricultural Mechanization Programme (NAMP).

“@JohnDeere will also establish assembly and maintenance plants in Nigeria, ensuring continued supply of equipment over the next five years.

“Several states will benefit from the Special Agro Processing Zone program led by the African Development Bank.

“In terms of storage and commodity boards, several zonal commodity exchanges are expected to be established, with many state governments already starting the process to address hoarding and inflation caused by middlemen.”