The federal government says the administration of President Bola Tinubu is making efforts to reduce the cost of living and put more money in the pockets of Nigerians.

The Minister of Information and National Orientation, Mohammed Idris made this known on Thursday in Abuja, at the Ministerial briefing on the first year anniversary of Mr Tinubu’s administration.

The minister said the administration came on the strength of ‘Renewed Hope Agenda’ and had started laying a solid and enduring foundation that would make life better for the people.

He said, “Landmark initiatives like the Consumer Credit Corporation, the Nigeria Education Loan Fund, Presidential Initiative on Compressed Natural Gas, the N200 billion Presidential Grant and Students Loan Scheme attested to this. Also, the Agriculture and Food Security efforts (including the launch of dry season farming, and massive fertilizer distribution), the Renewed Hope Infrastructure Development Fund (RHIDF), Renewed Hope Cities and Estates Programme are among the foundations.

“In addition is our reform efforts in the electricity sector, and in the area of taxes and fiscal policy, and the negotiations for a befitting new national minimum wage. These and so many other policies and programmes will directly touch and improve the lives and livelihoods of tens of millions of Nigerians.

“President Tinubu is making efforts and committed to ensuring the cost of living and doing business in Nigeria is brought down significantly by putting more money into the pockets of Nigerians.”

According to him, Mr Tinubu is attracting more local and foreign investment, and transforming the nation’s infrastructure.

The minister added, “We will not pause or relent until we have delivered truly the Renewed Hope to all Nigerians.”

Mr Idris said the commemoration of Mr Tinubu’s first year in office offered the opportunity to present the government’s scorecard to Nigerians, by telling the story of what had been done so far.

(NAN)