Nigeria Will No Longer Borrow Locally After Meeting Revenue Target – Tinubu

President Bola Tinubu on Tuesday declared that his administration has achieved its revenue target for the year, largely driven by the non-oil sector. He added that the economy has stabilized, with the government no longer resorting to borrowing from domestic banks, stressing that the priority now is job creation.

Tinubu made the remarks while hosting members of The Buhari Organization (TBO), a group of the defunct Congress for Progressive Change (CPC) led by former Nasarawa State governor, Senator Umaru Tanko Al-Makura, during a solidarity visit to the Presidential Villa.

Reassuring his supporters ahead of the 2027 elections, the President urged them not to be intimidated, noting that “the economy is stabilised; nobody is trading a piece of paper for the exchange rate anymore.”

Reflecting on the political alliance that gave birth to the ruling All Progressives Congress (APC), Tinubu said the visit revived memories of the party’s early days, when its founding leaders disagreed and argued before reaching a common front.

He pledged to build on the legacies of former President Muhammadu Buhari, while commending CPC loyalists who remained committed to the APC despite not receiving political appointments. Tinubu promised to reward their loyalty with ambassadorial slots.

“We are fixing the economy and bringing hope to the people,” he said. “Thank you for believing in me. My determination is to work harder.”