A combined photo of BolaTinubu and Donald Trump
By Shade Damiro
President Bola Tinubu has declared that Nigeria has already met its revenue target for the year in August, affirming that the country’s economy is now stable, resilient, and less vulnerable to external shocks, regardless of what global actors like US President Donald Trump may do.
The President made this known while receiving a delegation of former members of the defunct Congress for Progressive Change (CPC) at the Presidential Villa in Abuja on Tuesday, including governors, lawmakers, and other political leaders drawn from across the federation.
“Today, I can stand here before you to brag — Nigeria is not borrowing. We have met our revenue target for the year and we met it in August. Let Trump do his worst, we are stable,” Tinubu said.
He attributed this progress to improved non-oil revenue performance, asserting that Nigeria now has no reason to fear international economic developments, citing robust mechanisms already in place to keep the nation on course.
“If non-oil revenue is going well, then we have no fear of whatever Trump is doing on the other side,” Tinubu stated.
According to him, when he took over, the exchange rate had ballooned to N1,900 to the US dollar. But thanks to reforms and fiscal discipline, the rate has stabilised around N1,450, without the need for elite-level backchannel connections to the Central Bank of Nigeria (CBN).
“Nobody is trading pieces of paper for exchange rate anymore. You don’t have to know a CBN governor to get forex. All you have to do is export, import, and create jobs for the people,” he said.
Tinubu noted that his administration was focused on “fixing the economy” and “bringing hope to the people,” describing agriculture as the backbone of Nigeria’s long-term food security plan.
He revealed that he had just signed off on a major agricultural mechanisation programme that will be deployed in every region, complete with training centres and support infrastructure.
“We are doing mechanisation and training — that is our backbone: food sovereignty, food security. If we remove hunger, we have defeated poverty,” he said.
