President Bola Tinubu has announced that Nigeria will no longer rely on borrowing to finance government operations, declaring that his administration has successfully met its revenue mobilisation target.
Our correspondent gathered from the Presidential Villa in Abuja that Tinubu made this declaration on Tuesday while receiving former members of the Congress for Progressive Change (CPC).
He emphasised that his policies focus on prudent resource management, not debt, stating, “We have met our revenue target. Nigeria is not borrowing again. Nobody is trading pieces of paper for exchange rate anymore. The naira is stabilising.”
Tinubu further outlined plans to boost the economy by building export and import infrastructure to create jobs and opportunities.
On food security, he revealed a forthcoming nationwide mechanisation programme with farm centres across all regions to ensure productivity, sovereignty, and poverty reduction.
The CPC delegation, led by former Nasarawa State Governor Tanko Al-Makura, pledged unwavering support for Tinubu and the APC ahead of the 2027 general election, reaffirming loyalty to the President’s reform agenda and legacy.