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Tinubu: Nigeria Met Non-Oil Revenue Target Early, Unfazed by U.S. Tariffs
President Bola Tinubu on Tuesday declared that his administration remains resilient and unshaken by U.S. President Donald Trump’s new trade policies, including tariffs targeting Nigerian exports.
Speaking at the Presidential Villa in Abuja while receiving a delegation of The Buhari Organisation led by former Nasarawa State Governor, Senator Tanko Al-Makura, Tinubu said Nigeria’s growing non-oil revenues provide a buffer against external shocks.
“If non-oil revenue is growing, then we have no fear of whatever Trump is doing on the other side,” the President said, noting that Nigeria had already met its 2025 revenue target by August and that the naira had stabilised at around ₦1,450 to the dollar, up from ₦1,900 when he assumed office in May 2023.
Trump, in his second term, has rolled out sweeping trade measures under the “America First” agenda, including a 10 per cent baseline tariff on nearly all imports and additional country-specific levies of up to 50 per cent. Nigerian exports now face a 15 per cent tariff effective August 7, though energy products like oil and gas remain exempt.
Tinubu also cited his government’s agricultural reforms and nationwide mechanisation drive as part of efforts to ensure food security. “If we remove hunger, we have defeated poverty,” he said.
On a lighter note, the President recalled internal clashes with the late Muhammadu Buhari during the 2013 merger talks that birthed the All Progressives Congress (APC). “We even argued over a symbol. He insisted on parliament, and I insisted on broom. He’s so stubborn,” Tinubu recounted to laughter.
The meeting, which also had in attendance Katsina State Governor Dikko Radda and former Governor Aminu Masari, is seen as part of efforts to consolidate APC’s northern bloc ahead of the 2027 elections.
