Nigeria's President, His Excellency Bola Ahmed Tinubu
Nigeria Surpasses Annual Revenue Target Ahead of Schedule, Says President Tinubu
President Bola Ahmed Tinubu has announced that his administration has successfully met Nigeria’s annual revenue target well ahead of schedule, marking a significant milestone in the country’s economic recovery and fiscal strategy.
Speaking at the Presidential Villa during a meeting with founding members of the defunct Congress for Progressive Change (CPC) and The Buhari Organisation, Tinubu attributed the achievement to robust growth in the non-oil sector and sweeping economic reforms.
According
to the President, Nigeria reached its 2025 revenue target by August,
eliminating the need for further borrowing. He emphasized that the country is
no longer reliant on debt to fund government operations, declaring, “Nigeria is
not borrowing. We have achieved our revenue target for the year as of August.”
This statement signals a shift in fiscal policy, with Tinubu underscoring the
importance of prudent financial management and diversification away from oil
dependency.
The
President highlighted the strengthening of the naira, noting that the exchange
rate had improved from ₦1,900 per dollar at the time he assumed office to
₦1,450 per dollar. He described the economy as now stable and predictable, with
businesses no longer needing political connections to access foreign exchange
or facilitate imports. Tinubu stressed that the reforms have created a more
transparent and equitable financial environment, where merit and productivity
drive success.
In
addition to fiscal achievements, Tinubu unveiled a nationwide agricultural
mechanisation programme aimed at boosting food production and reducing poverty.
The initiative includes the establishment of farm centres across all regions,
designed to enhance food security and support his administration’s Renewed Hope
Agenda. He reiterated his commitment to job creation through expanded export
capacity and industrial growth.
During
the meeting, Tinubu also pledged to honor the legacy of former President
Muhammadu Buhari by constructing a Buhari House and integrating CPC members
into his administration. He called on his supporters to remain focused and
undeterred by political distractions ahead of the 2027 elections, assuring them
that his government is committed to justice, transparency, and national
progress.
President
Tinubu’s declaration reflects a broader confidence in Nigeria’s economic
trajectory, driven by non-oil revenues and strategic reforms. As the country
moves forward, the administration’s focus on stability, self-reliance, and
inclusive growth continues to shape its vision for a prosperous future.
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