President Bola Ahmed Tinubu has announced that Nigeria has successfully met its 2025 revenue target as early as August, mostly driven by gains from the non-oil sector. He declared that the government will no longer need to borrow to fund operations.
The President made these remarks while hosting members of The Buhari Organisation, reaffirming his administration’s fiscal discipline and confidence in Nigeria’s economic recovery.
Tinubu highlighted that the stabilised economy and strengthened naira exchange rate—now N1,450 to the dollar, down from N1,900—reflect improved predictability and decreased reliance on speculative trading. He credited the reforms in revenue mobilisation and economic management for this turnaround, saying the era of borrowing to cover shortfalls is over.
He also underscored efforts to boost food security and job creation through a nationwide agricultural mechanisation programme. This initiative will see farm centres established in every region to drive mechanised farming, train youths, and promote food sovereignty.
Tinubu urged Nigerians to stay focused on positive reforms and not be distracted by external concerns, including trade pressures from abroad. He reaffirmed his commitment to delivering justice, transparency, and prosperity, inspiring confidence ahead of the 2027 elections.
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