The economy has stabilised and the revenue target set for this year has been met since last month, President Bola Ahmed Tinubu said yesterday.
With the revenue situation, the government has enough resources to carry out its programmes without borrowing, he added.
The President spoke when he received members of The Buhari Organisation (TBO) – leaders of the defunct Congress for Progressives Change (CPC) – the political party formed by the late former President, which went into merger with others to form the All Progressives Congress (APC).
“Today, I can stand here before you to brag, Nigeria is not borrowing. We have met our revenue target for the year, and we met it in August,” the President noted.
“The economy has stabilised; nobody is trading a piece of paper for an exchange rate anymore. When I took over, it was N1,900 to a dollar. It’s N1,450 now. Rates are stabilising now, you don’t have to know a CBN (Central Bank of Nigeria) governor … all you have to do is export and import and create jobs for the people,” the President said.
Tinubu reaffirmed that his administration’s priority remained fixing the economy, creating jobs, and bringing hope to Nigerians.
“First of all, we are fixing the economy, bringing hope to the people. That is what we are looking for, and that is who is here,” he said.
Emphasising his commitment to agriculture development, the President said his government had begun a massive mechanisation programme to make every region of the country benefit from modernised agricultural centres, training schemes and job creation opportunities.
According to him, the push for food sovereignty and security remains central to his Renewed Hope Agenda (RHA), with the ultimate intention of defeating poverty by eliminating hunger.
He dismissed the threats United States President, Donald Trump’s trade tariff pose to Nigeria’s economy, because Nigeria under him, is building a stronger, more diversified economy.
“If non-oil revenue is going where it is going, then have no fear of whatever Trump is doing on the other side,” Tinubu said.
The delegation of TBO was led to Aso Villa by its leader, former Nasarawa State Governor, Tanko Al-Makura. Also on the team was House Representatives Speaker, Abbas Tajudeen.
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