President Bola Ahmed Tinubu has assured Nigerians that the country’s economy remains stable and resilient despite recent tariff measures announced by U.S. President Donald Trump.
Speaking on Monday while receiving members of The Buhari Organisation (TBO), led by former Nasarawa governor Tanko Al-Makura, Tinubu emphasized that Nigeria is not depending on local bank loans to fund its operations.
According to him, the country’s revenue inflows have been consistent, with non-oil revenues surpassing expectations.
“The fear of where we are going? We know the direction that we should go; we are going higher,” Tinubu said in a viral video from the meeting.
“Today, I’m standing before you, and I can brag that Nigeria is not borrowing a dime from a local bank. We have met our revenue target for the whole year; we met it in August, non-oil. If the non-oil revenue is doing well, then we have no fear of whatever Trump is doing.”
Tinubu noted that Nigeria achieved its full-year revenue target as early as August 2025, largely through non-oil sources, underscoring his administration’s effort to diversify the economy away from crude oil dependence.
His remarks come in the wake of Trump’s decision to impose a 15 per cent tariff on Nigeria and several other African countries, a move that has sparked concerns about potential trade disruptions.
Despite the development, Tinubu insisted that Nigeria’s economic reforms and improved non-oil revenue performance will cushion any negative impact.
