Tinubu Says Nigeria Met 2025 Revenue Target in August as Non-Oil Collections Rise

President Bola Ahmed Tinubu has said Nigeria reached its 2025 revenue target in August, months before year-end, with much of the inflow coming from non-oil sources.

The President spoke on Tuesday in Abuja during a meeting at the Presidential Villa with founding members of the defunct Congress for Progressive Change and The Buhari Organisation. The delegation was led by former Nasarawa State Governor Umaru Tanko Al-Makura.

In remarks made available in a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu said current reforms were improving fiscal performance and broadening government income away from oil.

He said the administration’s Renewed Hope Agenda remains focused on infrastructure delivery, better health facilities, food sovereignty and stronger security coverage. He also argued that macroeconomic conditions are becoming more stable for businesses and investors.

“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,” Tinubu said.

He added, “What we need now is building the ship and the vessels for the export of our goods and creating more jobs for our people.”

The President said the Federal Government is planning agricultural mechanisation centres across the 774 local government areas to support food production and improve rural productivity. He said the centres are expected to ease access to equipment and strengthen output across key crop belts.

Tinubu also told the delegation that Nigeria’s economic direction is positive, noting that policy changes introduced by his administration are intended to improve transparency in the foreign exchange market, grow domestic production and attract investment into the non-oil economy.

His comments come as the government continues to defend painful but wide-ranging economic reforms, including fuel subsidy removal and exchange-rate adjustments, which officials say are necessary to restore long-term fiscal balance.

While the Presidency did not provide a detailed public breakdown of the revenue figure in the statement, the President’s claim that the annual target was met by August is likely to intensify attention on monthly fiscal data and implementation pace for budget priorities in the final months of the year.