President Bola Ahmed Tinubu has declared that Nigeria is no longer vulnerable to the policies or political maneuvers of former U.S. President Donald Trump, stressing that the nation’s economy has grown resilient under his administration.
Speaking on Tuesday, Tinubu said Nigeria had already met its 2025 revenue target by August, driven largely by non-oil earnings, and had not borrowed a single kobo from local banks.
“Today, I’m standing before you, 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 o. If the non-oil revenue is doing well, then we have no fear of whatever Trump is doing,” the President stated.
The remark comes amid renewed global attention on Trump’s potential return to the White House and the possible ripple effects his policies could have on developing economies. Tinubu, however, insisted that Nigeria’s financial outlook was strong enough to withstand any shocks.
He said his administration’s focus on economic diversification and domestic revenue generation was designed to shield Nigeria from overdependence on foreign influence.
“This is about sovereignty. Nigeria must prove that its economy cannot be dictated by the political temperature in Washington or anywhere else,” Tinubu added.
Meanwhile, ordinary Nigerians continue to grapple with inflation, low purchasing power, and the biting effects of fuel subsidy and foreign exchange reforms.
The removal of subsidies, while boosting government revenues, has led to rising costs of goods and services, putting pressure on households and small businesses alike.
However, the government is banking on numerous social intervention programmes and the rollout of new tax policies to cushion the hardship and gradually bring relief to citizens.
Political observers say Tinubu’s comments not only project confidence in Nigeria’s economic direction but also aim to reassure both domestic and international audiences that his reforms, though painful in the short term, are laying the foundation for long-term stability.
