“Nigeria is Not Borrowing” — Tinubu Declares, Dismisses Trump’s Policies
President Bola Ahmed Tinubu on Tuesday reaffirmed that Nigeria has no intention of returning to borrowing, disclosing instead that his administration had already achieved the nation’s 2025 revenue generation target through the non-oil sector ahead of schedule.
The President made this known at the State House in Abuja when members of The Buhari Organisation (TBO), led by former Nasarawa State Governor, Senator Tanko Al-Makura, paid him a courtesy visit.
According to what was obtained by PulseNets, Tinubu explained that the milestone was achieved in August 2025, four months before the end of the fiscal year.
“Nigeria is not borrowing. We have reached our revenue target for the year, and remarkably, we met it as far back as August,” the President stated confidently.
Tinubu further told PulseNets that his government is determined to sustain economic reforms capable of guaranteeing long-term stability and inclusive growth, stressing that the bold shift to non-oil revenue generation has already begun to yield significant dividends.
The President also used the occasion to caution against external pressures, pointing particularly to policy directions from Washington during the era of U.S. President Donald Trump. He noted that Nigeria’s increasing reliance on domestic revenue streams provides a buffer against global economic disruptions.
“If non-oil revenue is performing strongly, then Nigerians have no reason to fear whatever Trump is doing on the other side,” Tinubu remarked.
PulseNets reported that the President’s comments come against the backdrop of Nigeria’s decades-long dependence on borrowing by past administrations, a practice that has often drawn criticism both locally and internationally. Observers say the Tinubu administration’s early focus on homegrown revenue, if sustained, could mark a turning point in Nigeria’s economic history.
Key Takeaways for Nigeria’s Economy
-
Tinubu announced Nigeria has already met its 2025 revenue target through the non-oil sector.
-
The achievement was recorded in August 2025, four months ahead of schedule.
-
The President ruled out fresh borrowing, insisting that Nigeria’s economic reforms are working.
-
Tinubu stressed that domestic revenue focus shields the country from adverse foreign policies.
-
Analysts believe the move signals a new phase in Nigeria’s journey toward financial independence.
Also Read: Outrage as NLC, Atiku’s Aide, Activists Reject Salary Increase for Tinubu, Governors, Ministers
With Nigeria’s past weighed down by heavy debts, the development highlights what many economists told PulseNets could be a shift from reliance on crude oil and external loans to a more sustainable, diversified, and resilient economic framework.
