State of the Nation Address 2026 |28 January 2026

President Herminie delivering his State of the Nation Address 2026 (Photo: National Assembly)

President Herminie pledges

action to lower cost of living

By Mandy Bertin

The prices of essential commodities are expected to decrease significantly during the course of 2026. Discussions with the relevant partners have reached a very advanced stage.

This was announced by President Patrick Herminie during his first State of the Nation Address yesterday evening to the National Assembly and the people of Seychelles.

President Herminie said one of the greatest concerns is the cost of living, adding that Seychelles is the most expensive country in Africa.

Easing cost of living through STC, taxes and bus fares

As measures, the list of essential commodities of the Seychelles Trading Company (STC) will expand to include 12 additional everyday products, with the aim of stabilising prices and protecting consumers. This list will be guided by a new national nutrition policy currently being developed by the government.

“In addition, we have relaunched the STC card to protect low-income households, and we are preparing further Value Added Tax exemptions and tax reductions on everyday essential goods.” 

To continue reading, please click here to subscribe to Seychelles NATION’s e copy