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Tinubu: No more borrowing, we have met revenue target
Nigeria’s President, Bola Tinubu, has said his administration has met it’s projected non- oil revenue for 2025.
Recent reports indicated that the non-oil tax revenue for the first seven months of the year is N13.07trillion.
The President, who revealed this when he received the Buhari group on Tuesday, said his administration does not need to borrow any more money.
He also urged Nigerians to ignore external pressures on the economy.
Speaking further on the economy, President Tinubu declared that his administration had achieved its revenue mobilisation target, adding that he would no longer rely on borrowing to finance government operations. He stressed that prudent management, not debt, now anchors Nigeria’s economic direction.
Tinubu said: ” I can brag that Nigeria is no longer borrowing any dime from local banks to run the economy.
” I also no longer care about what President Donald Trump is doing on the other side.
” Thank you for believing in me. 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 has been stabilising now, you don’t have to know a CBN governor to be rich.
“All you have to do is export and import and create jobs for the people. What we need now is building the ship”
“We have met our revenue target. Nigeria is not borrowing again. Nobody is trading pieces of paper for exchange rate anymore. The naira is stabilising. What we need now is to build the infrastructure for export and import, to create jobs and opportunities for our people. That is my guarantee.”
On food security, the President announced that his government would roll out a nationwide mechanisation programme, with farm centres established across all regions to boost productivity, ensure food sovereignty and lift millions out of poverty.
“Our path to food security is clear. Every region will have a mechanised farm centre. We are committed to removing poverty from our land, and that is the work we have already started,” he said.
Tinubu urged his supporters not to be distracted by political noise ahead of 2027, emphasising that his focus remains on reforms that will guarantee prosperity for all Nigerians.
“Don’t let anybody threaten you with uncertainty. We know the direction we are going, and we are certain of success. The legacy you will inherit from me is total commitment to justice, transparency and progress. At the end of this journey, it will be a house of joy and prosperity for all,” he declared
Tinubu described the opposition parties as ” mere recreation centers”
Tinubu assured the group of an ambassadorial slot, adding that ” I couldn’t appoint everybody at once and thank you for your patience.
” I still have some slots for ambassadorial positions that that so many people are craving for. But it’s not easy stitching those names.”
News
Supreme Court to rule on ADC, PDP cases Thursday
The Supreme Court of Nigeria will on Thursday, deliver judgments in two cases involving the leadership crises rocking the African Democratic Congress and the Peoples Democratic Party.
According to information on the official website of the court, the matters, listed under “Political Appeals”, have been added to the cause list for Thursday, April 30, 2026.
While judgment in the ADC matter, marked SC/CV/180/2026, has been fixed for 2 pm, there is no time yet for that if the PDP.
News
Tinubu to reconstitute NHRC board, retains Ojukwu as ES/CEO
President Bola Tinubu has written the Senate, seeking the screening and subsequent confirmation of fifteen nominees to the National Human Rights Commission (NHRC).
The letter was read by the President of the Senate, Senator Godswill Akpabio.
The letter seeks the reconstitution of the commission’s board in line with statutory provisions with the list comprising nominees from diverse professional backgrounds, including the media and legal sectors.
Among the nominees are the President, Nigeria Guild of Editors and Editor, Vanguard Newspapers, Mr. Eze Anaba; and Dr. Salamatu Hussaina Suleiman, who has been proposed as chairman of the board.
The Executive Secretary of the Commission, Dr. Anthony Ojukwu (SAN) is to retain his position as the Chief Executive Officer.
Other nominees include Mrs Roseline Tasha, Ambassador Adam Yubak Baku, ACG Felix Lawrence, Mr. Edmund Chinonye, Mr. Chinonye Obiaku (SAN), Oluwakemi Asiwaju Okere-Odo, Professor Adedeji Ogunji, Kingsley Chidozie, Mohammed Adelodu, Maupe Ogun Yusuf, and Otunba Francis Meshioye as members.
Also nominated are Patience Patrick and Hawwa Ibrahim, listed as members.
The President said the nominations were made pursuant to Section 2(3) of the National Human Rights Commission (Establishment) Act, 2010, which empowers him to constitute the board subject to Senate confirmation.
He explained that the reconstitution of the board was necessary to enhance the commission’s institutional capacity and enable it to more effectively discharge its mandate to promote and protect human rights across the country.
If confirmed, the new board is expected to play a critical role in reinforcing the NHRC’s oversight functions, particularly at a time of heightened concerns over rights protection and accountability in Nigeria.
Following the presentation of the request, the Senate referred the nominations to its Committee on Judiciary, Human Rights and Legal Matters for screening and report within two weeks.
News
Breaking: EFCC investigates Pastor Jerry Eze over alleged money laundering
The Economic and Financial Crimes Commission, EFCC, has revealed that it investigated the founder of Streams of Joy International, Pastor Jerry Eze, for six months over suspected money laundering before clearing him.
Ola Olukoyede, chairman of the Commission, disclosed this on Wednesday while speaking at the Jerry Eze Foundation Business Grant Award Ceremony in Abuja.
According to him, the probe was triggered by intelligence reports and petitions after the commission observed large inflows of foreign currencies into the cleric’s domiciliary account.
“We work by intelligence, we work by petitions. At some point, I saw there was an account, a domiciliary account. Dollars, pounds were dropping in like raindrops, from Colombia, from America, from Sri Lanka, even from Togo.
“I said who is this man? Yes, I’ve been hearing about his name, I’ve seen his face a couple of times. I never bothered about what he was doing. I knew he was a pastor.
“So they said this one pastor of streams of joy, go and investigate him. So we went to the investigation. We combed the books,” Olukoyede stated.
The EFCC boss said he subsequently invited Eze for questioning after preliminary findings were compiled by investigators.
He added that upon meeting the cleric and reviewing the findings of the investigation, the commission found no wrongdoing.
“So he came to my office. He told me what happens and all of that, and how the money came, what he does, how he has been helping people, and all of that.
“I said, you know what, I didn’t call you here to explain to me. We have already done our work. I called you here to commend you,” he stated.
The remark drew applause from the audience, as Eze, who was present at the event, acknowledged the commendation.
He noted that the commission has a responsibility not only to investigate financial crimes but also to recognise individuals found to have acted with integrity.
The EFCC chairman, however, stated that the agency would continue to monitor financial activities where necessary, stressing that its preventive mandate remains critical in tackling corruption.
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