President Bola Ahmed Tinubu has declared that Nigeria will not resort to borrowing, revealing that his administration met its 2025 revenue generation target in August four months ahead of schedule through non-oil earnings.

Speaking on Tuesday at the State House in Abuja during separate meetings with members of The Buhari Organisation (TBO) led by former Nasarawa State Governor Tanko Al-Makura, and former members of the defunct Congress for Progressive Change (CPC), Tinubu said the milestone underscores the success of his government’s fiscal reforms.

“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,” the President said, stressing that improved non-oil revenue has reduced the country’s exposure to global economic shocks.

Tinubu noted that when he assumed office, the exchange rate had soared to ₦1,900 per dollar, but fiscal discipline has since stabilised it at around ₦1,450 removing the backdoor privileges once used by elites to access foreign exchange.

“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 added.

The President also highlighted agriculture as central to his recovery plan, announcing a new nationwide mechanisation programme with training centres and infrastructure to boost food security. “If we remove hunger, we have defeated poverty,” he said.

Addressing CPC stakeholders, Tinubu reaffirmed his commitment to their shared ideals and acknowledged delays in political appointments. While confirming that ambassadorial slots are still open, he stressed that fixing the economy remains his priority.

Reflecting on the historic merger that birthed the All Progressives Congress (APC), Tinubu praised late President Muhammadu Buhari’s integrity and promised to honour him with the establishment of a “Buhari House” as a symbol of prosperity.