Although the federal government secured multilateral loans amounting to $3.334bn (N5.178tn) and attracting over $4.3bn investments to boost food production, the cost of essential staple food items have rosen by 60.88 per cent under the leadership of President Bola Tinubu, according to a report by The PUNCH. 

Mr. President, I greet you with the highest respect and commend you for your steadfast commitment to the Nigerian people since taking office. Your administration has embarked on bold reforms aimed at reshaping the nation’s economic and social landscape.

Mr. President, I greet you with the highest respect and commend you for your steadfast commitment to the Nigerian people since taking office. Your administration has embarked on bold reforms aimed at reshaping the nation’s economic and social landscape.

Peter Obi, former Anambra State Governor and Labour Party presidential candidate, has voiced concern over Nigeria's tough economic conditions, attributing the difficulties primarily to what he calls the government's “poor policy choices.” 

President Bola Ahmed Tinubu has urged the United Nations to prioritize debt forgiveness for Nigeria and other developing nations, appealing to creditors and multilateral financial institutions to support this initiative. 

According to President Bola Ahmed Tinubu, the recent fuel price increase was essential to free up resources for infrastructure investments, including road development.