Tinubu: Nigeria Meets 2025 Revenue Target, Stops Borrowing from Local Banks
President Bola Ahmed Tinubu says Nigeria has achieved its 2025 revenue target ahead of schedule, eliminating the need for borrowing from local banks.

Speaking on Monday while receiving members of The Buhari Organisation (TBO), led by former Nasarawa governor Tanko Al-Makura, Tinubu said the milestone was largely driven by non-oil revenue growth.
“Nigeria is not borrowing a dime from local banks. We have met our revenue target for the year, and we met it in August,” the president declared.
Tinubu added that the economy is gradually stabilising despite external pressures, noting that the exchange rate has strengthened compared to when he assumed office.
“When I took over, it was ₦1,900 to a dollar. It’s ₦1,450 now. Rates have been stabilising,” he said.
The president assured that his administration would intensify efforts to create jobs through export expansion, import substitution, industrial growth, and agricultural mechanisation. He also downplayed concerns about the potential impact of U.S. policies under President Donald Trump, saying domestic reforms remain the priority.
“If non-oil revenue is going well, then have no fear of whatever Trump is doing on the other side,” Tinubu told the delegation, which included Tajudeen Abass, Speaker of the House of Representatives, and Aminu Masari, former Katsina governor.
He further pledged to uphold the values of late President Muhammadu Buhari, describing honesty, transparency, and justice as guiding principles inherited from his predecessor.
On behalf of the TBO, Al-Makura commended Tinubu for honouring Buhari with full state rites during his burial. Abass, in his remarks, assured the president of unconditional support from former members of the defunct Congress for Progressive Change (CPC).