Lemo said Nigeria would have faced economic collapse if not for the painful economic reforms and tax measures introduced by President Bola Tinubu. “We thank God because we are beginning to see light at the end of the tunnel. He acknowledged that prices remain high but noted that inflation has been trending downward, with both headline and food inflation showing consistent moderation. Those who bought right will tell you prices were about 20 per cent cheaper than the previous year,” he said. If we don’t pay tax, where do we expect funding to come from?” he asked.

Source: The Guardian January 08, 2026 17:29 UTC