What Tinubu’s claim of meeting 2025 revenue target means for the economy

PRESIDENT Bola Tinubu’s claim of meeting revenue targets in August 2025, citing improved remittances from non-oil revenues, has several implications for the economy, with economic watchers projecting a lower lending rate for businesses by the Central Bank of Nigeria (CBN).

President Tinubu, at a meeting with stakeholders comprising largely of ruling party loyalists on September 3, said the national revenue target in August had been met, a statement analysts say offers hope for a possible reduction in the high lending rate for businesses and manufacturers.

“Today, I can stand before you to brag, Nigeria is not borrowing. We have met our revenue target for the year, and we met it in August,” Tinubu said

By Harrison Edeh

Full story at ICIR Nigeria