· Declares end to domestic borrowing
Says with revenue met, he has no fear of whatever Trump is doing
Thanks Buhari bloc, promises ambassadorial slots available
By Our Reporters
President Bola Ahmed Tinubu has announced that Nigeria has exceeded its revenue target for the entire year of 2025, achieving the goal in August of this year.
The President attributed this significant economic milestone to reforms that have successfully stimulated the nation’s non oil sector, which provided the bulk of the revenue.
In a major policy shift, President Tinubu declared an end to domestic borrowing for the federal government. With the country’s revenue streams now robust and meeting targets well ahead of schedule, the administration believes it has a stable financial foundation that eliminates the need for such internal loans.
Speaking at the Presidential Villa in Abuja on Tuesday, President Tinubu also addressed international economic concerns, stating that with Nigeria’s revenue met, he has no fear of whatever policies former US President Donald Trump might enact.
This comment signals a newfound confidence in the Nigerian economy’s ability to withstand potential global shifts.
The President made these declarations during a meeting with founding members of the defunct Congress for Progressive Change (CPC) and The Buhari Organisation, a key political bloc loyal to former President Muhammadu Buhari.
He took the opportunity to thank the group for their steadfast support.
As a gesture of appreciation and political consolidation, President Tinubu promised that ambassadorial slots and other opportunities to participate in his government would be made available to loyal members of the group, ensuring the legacies of former President Buhari are sustained.
President Bola Ahmed Tinubu said on Tuesday in Abuja that the revenue target for 2025 was achieved in August, following economic reforms focused on stimulating the non-oil sector. He said that the bulk of the revenue came from the non-oil sector.
The President assured Nigerians that the Renewed Hope Agenda is firmly anchored on building critical infrastructure, improving health facilities, ensuring food sovereignty, and providing security. He spoke at a meeting at the Presidential Villa with the founding members of the defunct Congress for Progressive Change and The Buhari Organisation, led by the former Governor of Nasarawa State, Umaru Tanko Al-Makura.
President Tinubu said that the economy was heading in the right direction. “The economy is now stabilised. Nobody is trading pieces of paper for foreign exchange (forex) anymore. The economy is now predictable. You do not need to know the CBN Governor, Yemi Cardoso, to obtain foreign exchange or import goods,” he stated, highlighting the improved transparency and stability under his administration.
Looking forward, the President outlined a key initiative for national food security. He said the federal government will establish agricultural mechanisation centres in all regions of the country to build capacity, expand cultivation and harvest, and guarantee food sovereignty. “We are going to have trainees. That programme is our path to food sovereignty,” he noted, emphasising the programme’s role in job creation and self-sufficiency.
The meeting was as much about the future as it was a reflection on the past. Reflecting on his strong ties with the CPC, President Tinubu described the political journey and merger that birthed the ruling All Progressives Congress (APC) as “a sweet memory,” and expressed gratitude to the group for their support. “When I see people like you, I am determined to work harder,” he told the assembled delegates.
In a move clearly designed to honour his predecessor and unite the party’s various factions, President Tinubu assured the delegation that the legacies of former President Muhammadu Buhari would be sustained and immortalised with a Buhari House, adding that more members of the old CPC would be given opportunities to participate in the government.
“Thank you for your patience until now. But first of all, we must cure the economy and bring hope to the people, which is what we stand for. Thank you for believing in me,’’ he said.
The delegation was effusive in its praise and pledges of loyalty. The leader of the delegation, Tanko Al-Makura, thanked the President for his extensive participation in the final rites for the late President Buhari. “You not only buried President Buhari but also honoured him and ensured a befitting state burial with full military honours. Above all, your presence throughout the ceremony was comforting as it was reassuring,” Al-Makura stated.
He then assured President Tinubu of the group’s unwavering loyalty and support, crucial for the upcoming electoral cycle. “This is to assure you that we believe in your administration, and that will be our focus and commitment to ensure the success of our party and your ultimate victory in the 2027 elections,” Al-Makura stated.
The Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas, who was also present, thanked President Tinubu for his statesmanship and magnanimity towards the people and government of Katsina State, the home state of the late president. Abbas also thanked the President for his vision and broadmindedness in accommodating all political stakeholders, a sentiment echoing the day’s theme of unity and shared purpose within the ruling party.
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