President Bola Ahmed Tinubu has announced what he described as a historic fiscal achievement, declaring that Nigeria has already surpassed its revenue target for the year. According to him, this success means the nation is no longer relying on borrowing to fund its operations. Standing before a gathering of political allies and stakeholders, Tinubu said with pride: “Today, I can stand before you to brag that Nigeria is not borrowing.”
The president emphasized that the turnaround is largely the result of stronger non-oil revenue inflows, which have reduced dependence on volatile global oil prices. He argued that by stabilizing foreign exchange mechanisms and boosting key sectors outside oil, Nigeria has built a more resilient economy that is capable of funding itself.
In his remarks, Tinubu dismissed concerns over external pressure, particularly in response to comments attributed to former U.S. President Donald Trump. He stressed that no foreign leader’s position could undermine Nigeria’s progress, adding that as long as domestic policies remain strong, the country has nothing to fear.
Beyond fiscal stability, the president unveiled an ambitious agricultural mechanization programme as part of his Renewed Hope Agenda. The initiative, he explained, will establish mechanization hubs across the country to provide training, improve access to modern farming tools, and significantly expand food production. By doing so, Tinubu said, Nigeria will take a decisive step toward achieving food security and eradicating hunger.
He also underscored that the broader vision of his administration is not only to end borrowing but also to create sustainable growth pathways that directly impact citizens’ lives. Job creation, youth empowerment, and industrial expansion were highlighted as central to this plan.
Tinubu’s remarks were met with applause from political loyalists and supporters in attendance. Many described the declaration as a morale boost for the ruling party and a sign that Nigeria is finally moving away from debt dependency. For the president, the message was clear: the nation is on a new trajectory of fiscal discipline, agricultural renewal, and economic sovereignty.
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