President Bola Ahmed Tinubu has explained that Nigeria’s economy is not borrowing a dime from local banks, an indication that the country is stable.
According to him, the country’s revenue inflow has been consistent, hence, there is no fear of United States of America President Donald Trump’s tariff policy.
In a viral video, Tinubu on Monday said this when he received members of The Buhari Organisation (TBO), led by Tanko Almakura, former Nasarawa governor.
He emphasised that the country achieved its revenue target for the whole year in August without local borrowing.
Tinubu noted that the country’s economy is on the right path to prosperity.
“The fear of where we are going? We know the direction that we should go; we are going higher.
“Today, I’m standing before you, and 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. If the non-oil revenue is doing well, then we have no fear of whatever Trump is doing.”
This comes as President Donald Trump imposed a 15 per cent tariff on Nigeria and other countries.
Tinubu explains why Nigeria has no fear for whatever Trump is doing
