Nigeria President, Bola Ahmed Tinubu has said that the West Africa country has no fear over whatever the President of the United States, Donald Trump is doing, although the Nigeria President did not give details what the US President is doing that the nation has no fear of, but, President Tinubu at a meeting with political leaders at the State House in Abuja on Tuesday said that the country has met its revenue target for 2025 from non Oil revenue sources, saying, if Nigeria as at August has already met revenue target from non oil products, the country has no fear of whatever the President of the United States, US is doing, adding that, the economy of the country is now stabilized, saying, the naira currency is now performing well in the foreign exchange market, with a claim he met dollar exchange rate at ₦1,900 per one dollar on May 29, 2023 when he took over as the president of the West Africa country, praising himself that he has worked hard to reduce the foreign exchange rate from ₦1,900 to ₦1,450 per one dollar, a claim, we fact checked to be very incorrect, we observed that President Bola Tinubu on May 29, 2023 met foreign exchange rate at ₦461 per one dollar, on the day of his inauguration, President Bola Ahmed Tinubu issued a policy statement directing the Central Bank of Nigeria to ensure a unified exchange rate, a policy statement that made the exchange rate to increase from ₦461 to ₦853 per one dollar at the end of 2023; after the President, Bola Ahmed Tinubu officially pegged and increased the foreign exchange rate from ₦461 to ₦750 per one dollar in his 2024 budget, which made cost of foodstuffs and other cost of living in the country to increase more than 200 percent, and while presenting the 2025 budget, President Bola Ahmed Tinubu pegged and increased the foreign exchange rate from ₦750 to ₦1,500 per one dollar, this policy action of the President has since made cost of foodstuffs and other basic necessities in Nigeria to increase outrageously more than 700 percent with no reduction till date, like; a sachet water that used to be sold for ₦5 is now sold between ₦20 to ₦50 in some locations in Nigeria.
Details of some of President Bola Ahmed Tinubu statements as presented by the Presidential Spokesperson, Bayo Onanuga reads verbatim below:
“President Bola Ahmed Tinubu said on Tuesday in Abuja that the revenue target for 2025 was achieved in August, following economic reforms focused on stimulating the non-oil sector. He said that the bulk of the revenue came from the non-oil sector.
The President assured Nigerians that the Renewed Hope Agenda is firmly anchored on building critical infrastructure, improving health facilities, ensuring food sovereignty, and providing security.
He spoke at a meeting at the Presidential Villa with the founding members of the defunct Congress for Progressive Change and The Buhari Organisation, led by the former Governor of Nasarawa State, Umaru Tanko Al-Makura.
President Tinubu said that the economy was heading in the right direction. “The economy is now stabilised. Nobody is trading pieces of paper for foreign exchange (forex) anymore. The economy is now predictable. You do not need to know the CBN Governor, Yemi Cardoso, to obtain foreign exchange or import goods.
“What we need now is building the ship and the vessels for the export of our goods and creating more jobs for our people,’’ the President noted.
He said the federal government will establish agricultural mechanisation centres in all regions of the country to build capacity, expand cultivation and harvest, and guarantee food sovereignty. “We are going to have trainees. That programme is our path to food sovereignty. “
Reflecting on his longstanding relationship with the CPC, President Tinubu described the political journey and merger as “a sweet memory,” and expressed gratitude to the group for their support: “When I see people like you, I am determined to work harder.”
President Tinubu assured the delegation that the legacies of former President Muhammadu Buhari would be sustained and immortalised with a Buhari House, adding that more members of the old CPC would be given opportunities to participate in the government.
“Thank you for your patience until now. But first of all, we must cure the economy and bring hope to the people, which is what we stand for. Thank you for believing in me,’’ he said.
The Speaker of the House of Representatives, Right Honourable Tajudeen Abbas thanked President Tinubu for his statesmanship and magnanimity towards the people and government of Katsina State. Abbas thanked the President for his vision and broad mindedness in accommodating all political stakeholders.
The leader of the delegation and former Governor of Nasarawa State, Al-Makura, said members of the former Congress for Progressive Change are committed to the success of the APC government.
Al-Makura thanked the President for his extensive participation in the final rites for President Buhari. “You not only buried President Buhari but also honoured him and ensured a befitting state burial with full military honours.
Above all, your presence throughout the ceremony was comforting as it was reassuring,” Al-Makura stated. He assured President Tinubu of the group’s loyalty and support.
“This is to assure you that we believe in your administration, and that will be our focus and commitment to ensure the success of our party and your ultimate victory in the 2027 elections,” Al-Makura stated”.