The Digest:
President Bola Tinubu has announced that Nigeria has achieved its 2025 revenue target ahead of schedule, ruling out further borrowing from local banks. The president said the progress was driven by non-oil earnings during a meeting with members of The Buhari Organisation (TBO).
Key Points:
- Tinubu says Nigeria achieved its 2025 revenue target in August.
- He noted that the country is no longer borrowing a dime from local banks
- The president stated that the economy is "stabilised" and non-oil revenue is doing well.
- He cited the Naira's strength against the dollar (N1,900 to N1,450) as proof of progress.
- Tinubu promised to intensify efforts to create jobs through exports, industrial growth, and agricultural mechanization.
- The president dismissed concerns over US President Donald Trump's policies, stating his focus is on domestic reforms.
- He also pledged to uphold the values of honesty and transparency inherited from former President Buhari.
President Tinubu's statement provides an optimistic update on his administration's economic policies. By highlighting achievements in non-oil revenue and reduced borrowing, the president seeks to reassure Nigerians of his government's resolve to tackle the country’s economic challenges. A New Financial Front.
Source: TheCable
