We’ve Hit Our Revenue Target for the Year

We’ve Hit Our Revenue Target for the Year – Tinubu
Revenue from non-oil sources has helped cushion the impact of global economic pressures – Tinubu
Outlines plans to roll out agricultural mechanisation

President Bola Ahmed Tinubu has announced that his administration has surpassed its 2025 revenue target ahead of schedule, attributing the success to stronger non-oil sector performance and ongoing economic reforms aimed at stabilizing the nation.

Eko Hot Blog reports that during a meeting with former members of the now-defunct Congress for Progressive Change (CPC) at the Presidential Villa in Abuja, the president stated, “We have met our revenue target for the whole year, and we met it in August. Nigeria is not borrowing a dime from local banks.”

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Tinubu explained that revenue from non-oil sources has helped cushion the impact of global economic pressures. He also noted improvements in the naira’s performance, saying it had strengthened from 1,900 to 1,450 against the US dollar.

“The economy is stabilised; nobody is trading pieces of paper for exchange rate anymore,” he added.

He further outlined plans to roll out agricultural mechanisation across the country, describing it as essential for ensuring food security and tackling poverty.

“If we remove hunger, we have defeated poverty,” Tinubu said, linking the initiative to his administration’s Renewed Hope Agenda, which emphasizes job creation, increased exports, and industrial growth.

The president also paid tribute to his predecessor, Muhammadu Buhari, and pledged to honour him by establishing a “Buhari House” to reflect his values of integrity and transparency.

Prominent former CPC members at the meeting, including Senator Tanko Al-Makura and House Speaker Tajudeen Abbas, praised Tinubu’s leadership and expressed support for his potential re-election campaign in 2027.

Meanwhile, opposition voices and some economists questioned the president’s claims, pointing to a sharp drop in the country’s gross domestic product from 363 billion dollars in 2023 to 187 billion dollars in 2024. Critics argue that despite increased revenues, the reforms have intensified hardship for many Nigerians.

Tinubu, however, insisted that the economy is on the right track. “We know the direction we should go. We are going home,” he said.

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