President Bola Ahmed Tinubu has declared that Nigeria has no reason to fear the latest tariff measures imposed by United States President Donald Trump, insisting that the nation’s economy is on a stable trajectory.
Tinubu spoke while receiving members of The Buhari Organisation (TBO), led by former Nasarawa State governor, Senator Tanko Al-Makura, at the State House on Monday.
In a viral video of the event, the President assured Nigerians that the economy has recorded robust growth without leaning on domestic borrowing.
“Today, I am standing before you, and I can proudly say that Nigeria is not borrowing a dime from any local bank,” Tinubu said. “We have already met our annual revenue target in August, and that is largely from non-oil sources. If non-oil revenue is doing this well, then we have no fear of whatever Trump is doing.”
The President emphasised that the economy had attained its revenue benchmark two months ahead of schedule, describing it as proof of fiscal discipline and a signpost of a brighter future.
“The fear of where we are going? We know the direction. We are going higher. Nigeria’s economy is on the right path to prosperity,” he added.
Tinubu’s confidence comes in the wake of Washington’s imposition of a fresh 15 per cent tariff on Nigeria and other African economies — a policy that has raised concern across the continent.
While analysts argue that the move could squeeze exports and disrupt trade balances, the President maintained that Nigeria’s non-oil revenue diversification strategy has provided a strong buffer against external shocks.
Political observers note that Tinubu’s remarks are designed to reassure both citizens and investors of Nigeria’s economic resilience in the face of global headwinds.
