Tunde Lemo, former Deputy Governor of the Central Bank of Nigeria (CBN), has stated that the economic reforms under President Bola Ahmed Tinubu, complemented by the apex bank’s monetary policies, are beginning to restore confidence in Nigeria’s economy.

In his 2026 goodwill message, Lemo highlighted that inflation is trending downward and exchange rates have stabilized. He acknowledged that while the cost of living remains high and concerns about new tax policies are valid, these measures aim to ease the burden on low-income earners while ensuring that those better positioned contribute fairly to national and state development.

“Economic conditions were difficult, and the effects were widely felt. However, there are encouraging signs that stability is gradually returning,” Lemo said.

On security, Lemo noted that threats to lives and property remain a concern despite efforts by security agencies and regional initiatives such as the South-West Amotekun Corps. He expressed optimism over new counter-terrorism measures, citing the successful prevention of a serious security threat in Ogun State through timely intervention by security forces.

Reflecting on Ogun State’s development, Lemo urged citizens to acknowledge the state’s resources and opportunities. He highlighted that Ogun State is home to 22 universities, one of Africa’s fastest-growing industrial clusters, and abundant natural resources such as limestone and bitumen. He emphasized that these assets must be managed wisely and entrusted to competent leadership.

“The task of building a stronger and more prosperous Ogun State belongs to all of us. Government alone cannot do it. Each citizen has a role to play. Let us remain united in spirit and purpose, irrespective of our differences. With patience, commitment, and the grace of God, we shall surely move our State forward,” Lemo stated.