Abuja – Nigeria. President Bola Tinubu has declared that Nigeria has surpassed its 2025 revenue target months ahead of schedule, marking what he described as a historic step toward fiscal independence.
Addressing stakeholders in Abuja, Tinubu stated that the milestone means the Federal Government will not need to borrow to fund its 2025 budget. The announcement comes amid heightened concerns about debt sustainability and mounting pressure from international creditors.
According to finance officials, strong performance in the non-oil sector, increased tax compliance, and improved efficiency in customs and excise collection contributed significantly to the revenue surge.
The President assured Nigerians that the funds would be channeled into infrastructure, education, and healthcare while also stabilizing the naira.
Pull-quote: “We have broken free from the cycle of debt — no more borrowing,” Tinubu declared.
Analysts have hailed the announcement as a confidence booster, though they cautioned that sustaining such revenue momentum will require structural reforms.
