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We Met Revenue Target for 2025 in August, Says Tinubu
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President Bola Tinubu on Tuesday declared that his government has met its revenue generation target for year 2025 through non-oil sector in August.
Addressing members of The Buhari Organisation (TBO) led by former governor of Nasarawa State, Senator Tanko Almakura who were on a courtesy visit to him at the State House, Abuja, he said he had met his revenue target for the year through the non-oil sector ahead of schedule.
He added that he will remain focused on Nigeria’s progress despite external pressures, including actions from US President Donald Trump.
According to him: “Nigeria is not borrowing. We have met our revenue target for the year, and we met it in August.”
Projecting confidence against international challenges, President Tinubu dismissed concerns over United States President Donald Trump’s activities, saying, “If non-oil revenue is going well, then have no fear of whatever Trump is doing on the other side.”
Shedding more light on his government’s
economic achievements, the President emphasized the stabilisation of the Nigerian economy, with exchange rates improving from N1900 to a dollar to N1450 at present.
His words: “The economy is stabilised; nobody is trading pieces of paper for exchange rate anymore. When I took over, it was N1900 to a dollar. It’s N1,450 now. Rates have been stabilising now.”
He promised continued efforts to create jobs through export, import, and industrial growth.
On food security, the President unveiled plans for a nationwide mechanisation programme, with farm centres established in every region to boost productivity, ensure food sovereignty, and lift millions out of poverty.
“Our path to food security is clear. Every region will have a mechanised farm centre. We are committed to removing poverty from our land, and that is the work we have already started,” the President stated.
President Tinubu urged supporters not to be distracted by political noise ahead of 2027, assuring that his administration remains focused on reforms that will deliver prosperity.
“Don’t let anybody threaten you with uncertainty. We know the direction we are going, and we are certain of success. The legacy you will inherit from me is total commitment to justice, transparency and progress. At the end of this journey, it will be a house of joy and prosperity for all,” he said.
The President reflected on the early political alliance with Buhari, emphasising mutual respect and dedication to a progressive government.
“Let me first apologise for coming late. That’s the difference between Muhammadu Buhari and Bola Tinubu. If it were him, he would be here right on time,” Tinubu joked, before expressing heartfelt thanks to those in attendance, including Speaker of the House of Representatives, Hon Tajudeen Abass; former Katsina State Governor and former Speaker, Hon Aminu Masari, Almakura, and others.
He recounted the challenging beginnings of their alliance, noting spirited debates on symbols, “He insisted on parliament and I insisted on broom. He’s so stubborn.”
The President reassured his supporters not to be swayed by threats but to draw strength from unity and shared belief in a progressive government building on Buhari’s legacy. “Don’t worry about the threats. When I see people like you, my determination is to work harder,” he said.
President Tinubu also gave a pledge rooted in Buhari’s principles saying “Part of what we inherited from Buhari was his honesty, transparency, justice, that’s all. “You won’t have anything less than that. You will have joy at the end of this journey, and we will definitely put something together to build a Buhari House; that house will be a house of joy and prosperity.”
The delegation assured the President that the CPC bloc within the APC remained firmly behind his administration and would mobilise nationwide to secure the party’s victory at the next polls.
Senator Al-Makura, who spoke on behalf of the group, commended Tinubu for steering the country through challenging economic times, sustaining peace and stability, and for honouring the memory of their late leader and mentor, former President Muhammadu Buhari.
“We are with you in loyalty, in person, and in purpose. May Almighty God grant you the wisdom and strength to continue leading our nation,” he declared.
Recalling the CPC’s struggles before the 2013 merger that birthed the APC, Al-Makura described Tinubu and Buhari as visionaries whose political partnership laid the foundation for justice, equity, and national renewal.
“Mr. President, you and President Muhammadu Buhari shared more than a political alliance; you shared a vision of a Nigeria built on justice, economic sovereignty, and good governance. Together, you conceptualised and built a platform that remains our pride and our cause,” he said.
Al-Makura pledged that the CPC family, comprising former governors, ministers, lawmakers, women leaders, and party executives, would work tirelessly to consolidate Tinubu’s reforms and sustain the APC legacy beyond 2027.
Also speaking, Speaker of the House of Representatives, Hon Tajudeen Abbas, declared that the CPC bloc remains intact and is solidly behind the President.
“Indeed, today is the very first time that former members of the CPC have gathered in such large numbers to visit our President, to show support and appreciation for what he has been doing. I want to seize this opportunity, Mr. President, to assure you of the unconditional support of all former members of the CPC,” Abbas said.
Dismissing insinuations that the bloc was fragmented, the House Speaker insisted that over 90 percent of CPC’s pioneer leaders remained active and loyal.
He also praised President Tinubu’s partnership with Buhari in 2010, which eventually paved the way for Buhari’s presidency.
Abbas further commended Tinubu for the unprecedented respect shown to Buhari during his passing, noting the state support accorded his family and the President’s personal involvement.
“CPC in every state will go back home and mobilise support for Asiwaju. That movement will cascade down to local government areas, wards, and units. Insha Allah, CPC members will be at the forefront of ensuring your re-election in 2027 so you can continue the good work you are doing,” Abbas assured.
A chieftain of the African Democratic Congress (ADC), and Deputy Director of the Presidential Campaign Council, Chief Dele Momodu, has described former Vice-President Atiku Abubakar as the most nationally formidable and experienced among the leading contenders for the 2027 presidential election.
Momodu said Atiku’s experience at the national level distinguishes him from President Bola Tinubu and former Anambra State Governor, Peter Obi.
He stated this on Wednesday during an interview on Eagle 102.5 FM, Ilese-Ijebu, in Abeokuta.
“If you look at the antecedents of the three major candidates, between Atiku Abubakar and Peter Obi, you will see that Atiku is the most experienced. He has managed our country at the highest level,” he said.
Momodu traced Atiku’s political journey to the 1992 Social Democratic Party (SDP), presidential primary where he contested against late MKO Abiola and stepped down for him.
He said Atiku accepted the outcome without crisis even after he was not picked as Abiola’s running mate, describing it as a mark of true democratic temperament.
“He is the only one who started from around 1992, contested the SDP primary against Abiola and stepped down with uncommon equanimity. He did not make any noise,” Momodu said.
He noted that Atiku was among the founders of the Peoples Democratic Party, PDP, and served as Vice-President from 1999 to 2007.
Comparing Atiku with Obi, Momodu argued that while Obi’s best was demonstrated in Anambra, Atiku’s was at the presidency level managing the national economy.
“Peter Obi has tried his best in Anambra, while Atiku’s best is at the level of vice president controlling the economy of Nigeria. The difference is clear. He has matured in experience and exposure,” he said.
Momodu also said President Tinubu’s experience was largely limited to Lagos.
“What I’m trying to say is that Tinubu’s experience was limited to Lagos, and that is why when he became president, he thought Nigeria was Lagos. And he has found out now that Nigeria is not Lagos,” he said.
He argued that the current economic hardship under the present administration did not show prosperity, insisting Atiku remained better positioned to lead the country.
“Well, we are yet to see that prosperity, and if yesterday would determine today and tomorrow, it is obvious that Tinubu should retire now and let someone else do it,” Momodu added.
DailyPost
President Bola Tinubu says he has no regrets over the removal of petrol subsidy and other economic reforms introduced by his administration, insisting that Nigeria could not borrow its way to greatness.
Meanwhile, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned Nigerians against returning to petrol subsidy. He said the backtrack could trigger capital flight, undermining investor confidence and pushing the Naira to N3,000, N3,500 or even N4,000 per dollar.
But the Director of Media and Publicity of the African Democratic Congress (ADC) Presidential Campaign Council (PCC), Kola Ologbondiyan, challenged Oyedele to publish the economic model behind his warning that a return to fuel subsidy could push the naira to N4,000 per dollar.
The President spoke on Monday during the City Boys Movement retreat in Abuja, where he charged members of the group to mobilise support for his administration ahead of the 2027 general elections, insisting that the country’s future mattered more than the ambition of any individual candidate.
“No regrets,” Tinubu said, insisting that his administration would not be pushed back from its reform agenda.
He took a swipe at his political opponents, promising to restore the petrol subsidy, saying Nigeria could no longer afford to pay the fuel subsidy, and warning that reversing the policy would take the country back to an unsustainable economic path.
Defending his decision to remove the subsidy on his first day in office, Tinubu said the country was on the verge of financial collapse and could no longer afford the policy’s cost.
Tinubu also sought to reassure Nigerians about the direction of the economy, arguing that growth was steady and that the sacrifices associated with his reforms would ultimately offer citizens a future worth believing in.
Oyedele disclosed during a press briefing of the International Monetary Fund (IMF) and World Bank Annual Meetings in Bangkok, Thailand, yesterday, that investors had repeatedly questioned whether the government would abandon its reforms ahead of the next election cycle.
Ruling out the reversal of the government’s economic reforms, he maintained that any signal that Tinubu’s administration was contemplating or reinstating the subsidy would immediately affect financial markets, raise borrowing costs and worsen economic pressures on households.
“In all the meetings I have had, I came to a conclusion that the markets, including the domestic market, which you can read from the capital market, and the international market, have largely written off the opposition in Nigeria as unserious.
“If, for any reason, the President were to say we are merely considering the return of fuel subsidy, capital would react immediately, airfares would struggle, the naira would come under severe pressure, potentially moving towards 3,000, 3,500 or even 4,000.
The very fuel people want subsidised would become far more expensive in Naira terms,” Oyedele warned.
However, Ologbondiyan accused the Federal government of using fear to discourage debate on fuel subsidy, insisting that Nigerians deserve evidence, not alarming projections, on the potential economic consequences of restoring the policy.
Speaking to journalists, he described the minister’s warning as scaremongering and demanded that the government explain how it arrived at the projected exchange rate.
“The Minister of Finance is merely scaremongering. He cannot claim that a return to fuel subsidy will cause the naira to depreciate to N4,000 to the dollar without showing Nigerians the model behind that projection,” he said.
He questioned the reliance on investors’ concerns to oppose a subsidy’s return, challenging the government to identify the sources of the projections and disclose their calculations.
President Bola Tinubu has expressed sadness over the death of Ambassador Patrick Dele Cole, describing him as a distinguished diplomat, journalist, politician and public servant.
Cole died at 86.
In a statement on Saturday, Tinubu said Cole devoted his life to national service and brought distinction to his work in diplomacy, journalism and politics.
“His career reflected the enduring value of dialogue, tact, mutual respect and the pursuit of shared interests in advancing national development and international cooperation,” the President said.
Tinubu noted Cole’s contributions to Nigeria’s media landscape, particularly as Managing Director of the Daily Times, where he upheld the role of the press in holding public officials accountable, speaking truth to power and strengthening democratic governance.
“His legacy in journalism and public life remains an enduring part of our national story,” he said.
The President said at 86, Cole witnessed defining moments in Nigeria’s history and contributed to national development, adding that his life stands as a testament to experience, principled engagement and commitment to public good.
Tinubu extended condolences to Cole’s family, friends, professional associates and all whose lives he touched, praying that memories of his remarkable life will bring comfort and strength.
“May Almighty God grant Ambassador Cole eternal rest and give his family and all who mourn him the fortitude to bear this profound loss,” he said.
