President Bola Tinubu on Tuesday announced that Nigeria achieved its 2025 revenue target in August, months ahead of schedule, with the bulk of earnings generated from the non-oil sector.
Speaking at the Presidential Villa, Abuja, during a meeting with founding members of the defunct Congress for Progressive Change (CPC) and The Buhari Organisation, Tinubu said ongoing reforms had stabilised the economy, restored predictability in the foreign exchange market, and opened up opportunities for investment.
“The economy is now stabilised. Nobody is trading pieces of paper for foreign exchange (forex) anymore. The economy is now predictable. You do not need to know the CBN Governor, Yemi Cardoso, to obtain foreign exchange or import goods,” the President said.
He emphasised that the next phase of reforms would focus on expanding exports and job creation, unveiling plans for agricultural mechanisation centres in every region of the country to strengthen productivity and food sovereignty.
“What we need now is building the ship and the vessels for the export of our goods and creating more jobs for our people. That programme is our path to food sovereignty,” he added.
Tinubu assured that his administration’s “Renewed Hope Agenda” would remain anchored on critical infrastructure, healthcare improvements, and security, alongside economic diversification.
The announcement comes as the government continues to promote non-oil revenue generation, a key policy shift aimed at reducing Nigeria’s dependence on crude oil.
While political allies such as former Nasarawa Governor Umaru Tanko Al-Makura and Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas, praised Tinubu for his leadership and inclusiveness, the President underscored that reviving the economy remains his top priority before 2027.