President Bola Ahmed Tinubu on Tuesday declared that Nigeria met its 2025 revenue target in August, a month ahead of schedule, and that the economy is on a stable path. Speaking at the State House, the President said the improved revenue performance, driven by the non-oil sector, means the government can now fund its programs without resorting to local borrowing.
During a meeting with members of The Buhari Organisation (TBO), Tinubu noted that the Nigerian currency had steadied, appreciating to about ₦1,450 to the dollar from a previous rate of ₦1,900.
The President also dismissed concerns over external economic pressures, including potential trade policies from the United States, stating that Nigeria’s growing non-oil revenue makes the country less vulnerable to external shocks.
Tribute to Buhari and 2027 Re-election Bid
In an emotional tribute to his late predecessor, Muhammadu Buhari, Tinubu announced plans to immortalize him with a “Buhari House.” He recalled their political alliance that led to the formation of the All Progressives Congress (APC).
The TBO delegation, led by Speaker of the House of Representatives Abbas Tajudeen and former Nasarawa Governor Tanko Al-Makura, pledged their support for Tinubu’s administration and his re-election bid in 2027.
Tinubu thanked the group for their loyalty assuring them that his government would remain anchored on principles of honesty, transparency, and justice, echoing the values of his late ally.Focus on Economic Stability and Food SecurityAmidst the reassurances, Tinubu reiterated his administration’s focus on fixing the economy, creating jobs, and driving food security. He mentioned plans for a new agricultural mechanisation program aimed at boosting productivity and reducing hunger.The President’s comments come as some economists and opposition critics question the administration’s handling of the economy, citing a decline in GDP despite revenue gains. Tinubu, however, maintained that his government is moving in the right direction.