2025 Revenue Target Met, No More Borrowing – Tinubu
President Bola Tinubu on Tuesday announced that Nigeria has met its 2025 revenue target ahead of schedule and will no longer rely on borrowing to fund the national budget.
Speaking at the Presidential Villa, Abuja, while receiving stakeholders of The Buhari Organisation, Tinubu said the administration’s aggressive non-oil revenue drive had yielded remarkable results, meeting this year’s projections by August.
“Today I can stand here before you to brag: Nigeria is not borrowing. We have met our revenue target for the year, and we met it in August,” the President told the delegation, which included former Nasarawa State Governor, Senator Tanko Al-Makura, and other chieftains of the All Progressives Congress.
Tinubu also highlighted improvements in Nigeria’s foreign exchange stability, noting that the naira had appreciated from over ₦1,900/$ to about ₦1,450/$ since the unification of the FX windows last year.
“Nobody is trading pieces of paper for exchange rate anymore. You don’t have to know a CBN governor to do your business. Just export, import and create jobs for our people,” he added.
