The Democratic Front (TDF) has described the recent drop in food prices across the country as a reflection of the success of government efforts to stem the tide of food inflation.
In a statement signed by its Chairman Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, the group noted that the drop in food prices was a confirmation of its belief in the ongoing reforms.
TDF said: “We receive the heartwarming news about the significant drop in food prices across Nigeria as the beginning of the fulfilment of President Bola Ahmed Tinubu’s promise to reduce headline inflation to 15% in 2025.
“It is on record that The Democratic Front (TDF) has consistently maintained in its advocacy that the sudden hike in the prices of food and other essential products will become a thing of the past, once the economic measures put in place by the Tinubu administration to boost food production complete their gestation circle.
“The success in reducing food prices in Nigeria, cannot be dismissed as an ordinary feat, given the hardship the high cost of food has inflicted on Nigerians, since the commencement of the ongoing economic reforms.
“We believe the President must be commended for putting national interest above self-interest, in driving the economy through the devastating headwinds to deliver results that are beyond the expectations and predictions of pundits and global financial institutions.
“The current drop in food prices remarkably underscores the fact that President Bola Tinubu is walking the talk on his vow to reduce headline inflation to 15% this year.
“We must admit that the momentum and progress achieved by this administration in the area of economy and security within a short period leaves us with a fantastic impression that is far beyond our comprehension.
“The Year-on-Year Increase in the nation’s GDP, and foreign reserve, the surge in foreign remittances, the reduction in insurgency, banditry, and other national security breaches as well as the improved daily oil production output are deliverables from President Bola Ahmed Tinubu’s policies and initiatives in the last 22 months.
“Without a doubt, the current socio-economic horizon in the country holds great promises and fulfilment for Nigerians. The progress report of the administration in less than two years, literally confirms the boom that the next two years portends in the area of job creation and concomitant wealth generation for the economy.”
The group also called on Nigerians to remain resolute and faithful in support of President Bola Tinubu’s economic reforms.
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