Tinubu says Nigeria met its 2024 revenue target in August, adding that fiscal reforms shield the economy from Trump’s tariffs and oil market pressures.
President Bola Ahmed Tinubu has assured that Nigeria’s economy remains stable despite policy shocks from the United States under President Donald Trump, noting that the country achieved its 2024 revenue target ahead of schedule.
Speaking at the Presidential Villa while hosting members of The Buhari Organisation led by former Nasarawa governor Tanko Almakura, Tinubu said: “We have met our revenue target for the year, and we met it in August. If non-oil revenue is going well then we have no fear of whatever Trump is doing on the other side.”
The president highlighted progress in reducing reliance on oil earnings, stressing that external pressures would not derail Nigeria’s fiscal outlook.
Trump, who recently imposed sweeping tariffs, including a 14 percent levy on Nigerian imports, has also pressured OPEC to raise production. Despite such moves, Tinubu insisted Nigeria’s fiscal reforms have ensured stability.
According to 2023 trade data, Nigerian exports to the U.S. totaled $6.29 billion, mostly crude oil and gas.
THIS WAS ORIGINALLY PUBLISHED ON DAILY TRUST