2025 Revenue Target Has Been Met. I Can Brag Nigeria No Longer Borrowing From Local Banks - President Tinubu

 

President Bola Tinubu has boasted that the Federal Government is no longer borrowing from domestic banks.

 

According to him, this is due to a significant revenue breakthrough driven by non-oil sectors.

 

The President disclosed this on Tuesday, September 2  during a meeting with members of the Buhari Organisation, led by former Nasarawa State Governor, Senator Tanko Al-Makura, at the Presidential Villa.

 

According to the President, Nigeria met its annual revenue target in August, attributing the achievement to robust non-oil revenue performance.

 

“The economy is stabilised, nobody is trading piece of paper for exchange rate anymore. We are going up. Today I’m standing before you, I can brag that Nigeria is not borrowing a dime from local banks. The revenue, we have met our target of revenue for the whole year, we’ve met it in August. Non-oil. If non-oil revenue is doing well, then we have no fear of whatever Trump is doing on the other side.” he said

 

Watch a video of him speaking below