September 5, 2025
General

Tinubu Says Nigeria Meets 2025 Revenue Target, Rules Out Borrowing from Local Banks

Abuja, September 3, 2025 – President Bola Ahmed Tinubu has announced that Nigeria has met its 2025 revenue target ahead of schedule, with strong non-oil earnings driving economic resilience and reducing the nation’s dependence on domestic borrowing.

Speaking at the State House on Tuesday, the President declared that Nigeria is no longer borrowing from local banks, stressing that improved fiscal performance is anchored on the growth of non-oil revenue streams. He emphasized that this shift signals a stronger foundation for economic stability.

Tinubu highlighted a nationwide agricultural mechanization program as one of the administration’s major strategies to achieve food security while also boosting job creation and ensuring stability in critical sectors.

Addressing loyal party members, the President assured them of future consideration for their support, urging them to remain steadfast and not be intimidated ahead of the 2027 general elections.

According to Tinubu, his government remains focused on policies that promote economic growth, fiscal discipline, and social stability, with reforms aimed at building a sustainable future for Nigerians.