When President Bola Tinubu declared in September 2025 that Nigeria had met its revenue target ahead of schedule and would no longer rely on borrowing to fund its budget, it appeared to signal a turning point in the country’s fiscal journey. But months later, official figures tell a different story, SAMI TUNJI reports
Addressing stakeholders of The Buhari Organisation who visited him at the Presidential Villa in Abuja in September 2025, President Bola Tinubu said that Nigeria had met its revenue target for 2025 ahead of schedule and would no longer rely on borrowing to fund its budget.
“Today, I can stand here before you to brag: Nigeria is not borrowing. We have met our revenue target for the year, and we met it in August,” Tinubu told the delegation.
Also, earlier in March 2025, the immediate past Minister of Finance, Wale Edun, stated that, rather than accumulating more debt,
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