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| Nigeria Meets Revenue Target, Tinubu Says No More Local Borrowing |
President Tinubu says Nigeria has met its revenue target for 2025, driven by non-oil earnings, ending local borrowing and focusing on jobs and food security.
Tinubu Announces End of Local Borrowing
President Bola Ahmed Tinubu has declared that Nigeria has successfully met its 2025 revenue target, eliminating the need to borrow from domestic banks.
Speaking during a solidarity visit from members of The Buhari Organization (TBO), led by former Nasarawa State Governor Senator Tanko Al-Makura, Tinubu emphasized that revenue growth—especially from the non-oil sector—was stabilizing the economy.
He assured Nigerians that his administration’s priority is no longer loans, but rather job creation, food security, and economic growth.
Key Highlights of Tinubu’s Statement
During the meeting, Tinubu highlighted several milestones and reforms:
- Nigeria’s non-oil revenue has exceeded projections, meeting the full-year target by August.
- The government is no longer borrowing from local banks, a move aimed at reducing debt pressures.
- The administration is launching a mechanized agriculture program in all regions to boost food sovereignty and security.
- Tinubu reiterated his commitment to creating jobs through trade, export, and industrialization.
For more details on Nigeria’s debt profile and fiscal reforms, visit the Debt Management Office of Nigeria.
Economic Stability and Future Plans
According to Tinubu, Nigeria’s economy is now on a more sustainable path, with exchange rates stabilizing and speculative trading reduced.
He assured citizens that the government is fixing the economy step by step, building on the legacies of former President Muhammadu Buhari. The President also promised to reward loyal party members, noting that more ambassadorial appointments will be announced soon.
“If we remove hunger, we defeat poverty. We are building an economy that works for every Nigerian—farmers, traders, and workers alike,” Tinubu said.
For context on food security challenges in Nigeria, see FAO Nigeria – Food Security Reports.
Buhari Legacy and Political Loyalty
The President commended the former Congress for Progressive Change (CPC) bloc within the APC for their unwavering loyalty, even without political appointments. He promised to uphold Buhari’s legacy of honesty, transparency, and justice, stressing that the administration will deliver prosperity and stability.
Senator Tanko Al-Makura praised Tinubu’s leadership, describing him and Buhari as visionaries whose alliance shaped modern Nigerian politics. He pledged that the CPC family would remain committed to mobilizing support nationwide ahead of the 2027 elections.
Strong Support From CPC Leaders
House of Representatives Speaker Tajudeen Abbas reinforced CPC’s unity, noting that over 90% of pioneer leaders remain loyal. He assured Tinubu that CPC structures in states, local governments, and wards would mobilize grassroots support for APC’s 2027 re-election bid.
Other notable figures in the delegation included former ministers, ex-lawmakers, party executives, and leaders of the Buhari Support Organisation.
By announcing that Nigeria has met its revenue target without local borrowing, Tinubu signaled a shift from debt dependence to revenue-driven growth. His focus on non-oil revenue expansion, agricultural mechanization, and job creation reflects a long-term strategy to stabilize the economy and ensure food security.
As Nigeria moves toward 2027, political loyalty and economic reforms will shape the nation’s recovery. With stronger non-oil performance, Tinubu’s government is banking on fiscal discipline and innovation to deliver prosperity.
