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The presidency on Saturday insisted that President Bola Tinubu will fulfill the agenda of reducing Nigeria’s inflation to 15% by December 2025.
The Special Assistant to President Tinubu on Social Media, Dada Olusegun, said agriculture and food security is one of the ways the President intended to achieve his aim.
Speaking via a statement on his X account, Olusegun said several mechanisms have already been put in place to achieve the agenda.
Naija News recalls President Tinubu had, during the presentation of the ₦47.9 trillion 2025 budget to the National Assembly, stated that the budget projects a decline in inflation from the current 34.6% to 15%. He also reiterated it in his 2025 New Year message.
His projection has, however, elicited pessimism from certain quarters. But the presidency, on Saturday, insisted that the aim would be achieved.
The media aide disclosed that part of the steps put in place to achieve the dream include the delivery of 2,000 tractors, 4000 disc ploughs, 1000 disc ridges, 1200 tractor trailers and other assorted spare parts to Nigeria in the next few weeks.
He added that an agricultural manufacturing firm, JohnDeere, is also expected to set up assembly/maintenance plants for these equipment in Nigeria.
“On food security, I can categorically confirm that agriculture will be a major priority for the administration in 2025 as President Tinubu has set an ambitious agenda of reducing inflation across the board to 15% by December.
“To achieve this, several mechanisms have been put in place including the delivery of farm equipment which will begin soon.
“It’s not just the 2,000 tractors mentioned by President Tinubu in his new year speech;
– 4000 disc ploughs
– 1000 disc ridges
– 1200 tractor trailers and other assorted spare parts are set to be delivered to Nigeria over the next few weeks as part of a major mechanization project under the National Agricultural Mechanization Programme (NAMP).
“@JohnDeere is also expected to set up assembly/maintenance plants for these equipments in Nigeria as they will be replicating the supply successively over the next five years,” Olusegun noted in the statement.
He added that several states would also receive support through the Special Agro Processing Zone program and several zonal commodity exchanges are expected to come on board in the all-inclusive approach.
Olusegun promised that 2025 will be a great year for Nigerians.
“Several states will also be supported via the Special Agro Processing Zone program which is spearheaded by the Africa Development Bank. This is an entirely different agricultural development scheme as the administration seeks to make the challenge of food security a thing of the past in the country by institutionalizing programs that will maximize our potentials as a major food producing nation.
“On storage and commodity boards, several zonal commodity exchanges are expected to come on board just as much as many state governments have started the process of floating the same to mitigate the effects of hoarding and middlemen-induced inflation.
“It’s an all inclusive approach aimed at correcting the wrongs of the past and there are a lot of reasons to be optimistic. 2025 promises to be a great year because “joy is coming,” he concluded.
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