Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has outlined the government’s strategy to curb the country’s rising inflation through increased food production.
Speaking Tuesday at the 30th Nigerian Economic Summit in Abuja, Mr Edun emphasised the administration’s focus on agricultural reforms to stabilise food prices, which he identified as a major driver of inflation.
“We are looking to food production to help bring down inflation. Our aim is to make food more available and affordable, and to reduce the cost of living for Nigerians,” he said.
In September, inflation jumped 32.7 per cent, reigniting concerns about the efficacy of President Bola Tinubu’s economic reforms, particularly in light of persistently high unemployment.
Mr Edun acknowledged the challenges but remained optimistic about the long-term impact of government interventions.
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