According to President Bola Ahmed Tinubu, Nigeria’s economy is stable because it is not taking out any loans from regional banks.
He asserts that since the nation’s revenue inflow has been steady, there is no reason to be concerned about US President Donald Trump’s tariff policy.
When Tinubu met with members of The Buhari Organization (TBO), led by former Nasarawa governor Tanko Almakura, on Monday, he made this statement in a widely shared video.
He emphasized that without local borrowing, the nation met its revenue goal for the entire year in August.
According to Tinubu, the nation’s economy is headed toward prosperity.
“The anxiety about our destination? We are heading higher because we know where we should go.
As I stand in front of you today, I can boast that Nigeria is not taking out any loans from domestic banks.
“We achieved our revenue goal for the entire year in August, excluding oil. We are not afraid of anything Trump does if non-oil revenue is doing well.
This occurs as Nigeria and other nations are subject to a 15% tariff imposed by President Donald Trump.
About The Author
