Tinubu Says Nigeria Meets 2025 Revenue Target Stops Borrowing From Local Banks

President Bola Tinubu announced on Monday that Nigeria has already achieved its 2025 revenue target, eliminating the need for borrowing from local banks.

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Speaking while receiving a delegation from The Buhari Organisation, led by former Nasarawa governor Tanko Almakura, the president said the milestone was largely driven by growth in non-oil revenue. He noted that the economy is showing signs of stability despite external pressures.

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Tinubu explained that Nigeria is no longer dependent on short-term fixes through the banking system, adding that the country had met its yearly revenue goal by August. According to him, exchange rates have also steadied compared to when he assumed office, with the naira gaining strength against the dollar.

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He assured that his government will focus on job creation through exports, imports, industrial development, and mechanised agriculture. He dismissed concerns over potential effects of US President Donald Trump’s policies, stressing that Nigeria’s reforms are locally driven.

The president said his administration remains guided by principles of honesty, transparency, and justice, values he attributed to the legacy of the late President Muhammadu Buhari.

Members of the visiting delegation, which included Speaker of the House of Representatives Tajudeen Abass and former Katsina governor Aminu Masari, pledged their full support. Almakura commended Tinubu for giving Buhari a state burial, while Abass assured that former members of the defunct Congress for Progressive Change stand firmly with the president.