President Bola Tinubu has claimed that his administration is not borrowing to implement any project in the country.
Tinubu said this on Monday, when he received members of The Buhari Organisation (TBO), led by former Nasarawa State governor, Tanko Almakura.
The president said the economy has been stabilized, adding tnat the exchange rates have dramatically come down.
“Nigeria is not borrowing. We have met our revenue target for the year and we met it in August,” he said.
“The economy is stabilised; nobody is trading piece of paper for exchange rate anymore. When I took over, it was N1900 to a dollar. It’s N1,450 now. Rates have been stabilising now.”
Tinubu promised to continue efforts to create jobs through export, import, and industrial growth.
The politician also dismissed concerns over the impact of United States President Donald Trump’s policies, saying his administration remains focused on domestic reforms.
He told the delegation — which included Tajudeen Abass, Speaker of the House of Representatives and Aminu Masari, former Katsina Governor — that his government would intensify efforts to create jobs through exports, industrial expansion, and mechanisation of agriculture.
“If non-oil revenue is going where (sic), then have no fear of whatever Trump is doing on the other side,” Tinubu said.
The president also pledged to uphold the values inherited from the late President Muhammadu Buhari.
“Part of what we inherited from Buhari was his honesty, transparency, justice, that’s all. You won’t have anything less than that,” he said.
