The Federal Government has highlighted President Bola Tinubu’s administration’s plan to mitigate the cost of living and enhance Nigerians’ financial well-being.

Alhaji Mohammed Idris, the Minister of Information and National Orientation, made this declaration on Thursday in Abuja during a Ministerial briefing marking the first anniversary of Tinubu’s administration.

Idris emphasized that Tinubu’s administration operates under the Renewed Hope Agenda and has initiated measures to establish a robust foundation for improved livelihoods.

Key initiatives such as the Consumer Credit Corporation, the Nigeria Education Loan Fund, the Presidential Initiative on Compressed Natural Gas, the N200 billion Presidential Grant, and the Students Loan Scheme highlight the government’s commitment to this cause.

Furthermore, efforts in agriculture, food security, infrastructure development, electricity sector reforms, fiscal policy adjustments, and negotiations for a new national minimum wage are all aimed at positively impacting the lives of millions of Nigerians.

Idris reiterated Tinubu’s dedication to reducing the cost of living and enhancing business operations by bolstering citizens’ purchasing power. He underscored Tinubu’s success in attracting local and foreign investments and improving national infrastructure.

“We remain resolute in our commitment to delivering genuine Renewed Hope to all Nigerians,” Idris affirmed.

He noted that the first-year anniversary commemoration provided an opportunity to present the government’s achievements to Nigerians and demonstrate the progress made thus far.