…says Nigeria had already met its entire annual revenue target.
ABUJA, NIGERIA – The iNews Times | President Bola Ahmed Tinubu has asserted that Nigeria’s economy is currently stable and resilient, adding that the country is no longer dependent on local bank loans to finance government operations.
Tinubu made the statement on Monday while addressing members of The Buhari Organisation (TBO), a political group led by former Nasarawa State Governor, Senator Tanko Almakura, during a courtesy visit at the Presidential Villa in Abuja.
Speaking confidently about the nation’s fiscal direction, the President revealed that Nigeria had already met its entire annual revenue target – and achieved this feat in August, months before year-end.
“Today, I’m standing before you, and I can brag that Nigeria is not borrowing a dime from any local bank,” Tinubu said in a widely circulated video clip from the meeting. “We have met our revenue target for the whole year; we met it in August – non-oil. If the non-oil revenue is doing well, then we have no fear of whatever Trump is doing.”
The President was responding to concerns around global economic shifts, particularly tariff policies previously associated with former U.S. President Donald Trump, who is currently a key player in the unfolding American election season.
Tinubu dismissed any anxiety over such international developments, insisting that Nigeria’s internally generated revenue has remained consistent and robust. “The fear of where we are going? We know the direction that we should go; we are going higher,” he declared.
According to the President, the strength of Nigeria’s non-oil revenue sector is a critical sign that the country is charting a sustainable path to economic recovery and eventual prosperity.
However, while the administration continues to project confidence in its economic stewardship, public sentiment remains cautious. Many Nigerians argue that the touted stability is yet to reflect in daily life, as inflation and cost of living continue to bite hard.
Nonetheless, Tinubu’s remarks come at a time when the government is keen to assure both citizens and investors of its commitment to fiscal discipline and long-term economic reforms.
