2025 revenue target has been met. I can brag Nigeria no longer borrowing from local banks- President Tinubu

President Bola Ahmed Tinubu has announced that the Federal Government is no longer borrowing from domestic banks, citing 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