{"id":484616,"date":"2025-09-04T10:09:47","date_gmt":"2025-09-04T10:09:47","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2025\/09\/04\/nigeria-why-tinubu-is-on-the-wrong-track-by-announcing-the-end-of-borrowing-from-local-banks\/"},"modified":"2025-09-04T10:09:56","modified_gmt":"2025-09-04T10:09:56","slug":"nigeria-why-tinubu-is-on-the-wrong-track-by-announcing-the-end-of-borrowing-from-local-banks","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2025\/09\/04\/nigeria-why-tinubu-is-on-the-wrong-track-by-announcing-the-end-of-borrowing-from-local-banks\/","title":{"rendered":"Nigeria: Why Tinubu is on the wrong track by announcing the end of borrowing from local banks"},"content":{"rendered":"<p>&#8220;I stand before you today, I can boast that Nigeria no longer borrows any money from local banks. We have reached our revenue target for the entire year, we achieved it in August,&#8221; says President Bola Tinubu of Nigeria. It was on September 2 at the Nigerian presidential palace in front of members during a... <\/p>\n<div class=\"pmpro\"><div class=\"pmpro_card pmpro_content_message\"><h2 class=\"pmpro_card_title pmpro_font-large\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"var(--pmpro--color--accent)\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" class=\"feather feather-lock\"><rect x=\"3\" y=\"11\" width=\"18\" height=\"11\" rx=\"2\" ry=\"2\"><\/rect><path d=\"M7 11V7a5 5 0 0 1 10 0v4\"><\/path><\/svg>Membership Required<\/h2><div class=\"pmpro_card_content\"><p> You must be a member to access this content.<\/p><p><a class=\"pmpro_btn\" href=\"https:\/\/www.financialafrik.com\/en\/membership-account\/membership-levels\/\">View Membership Levels<\/a><\/p><\/div><div class=\"pmpro_card_actions pmpro_font-medium\">Already a member? <a href=\"https:\/\/www.financialafrik.com\/en\/login-3\/?redirect_to=https%3A%2F%2Fwww.financialafrik.com%2Fen%2F2025%2F09%2F04%2Fnigeria-why-tinubu-is-on-the-wrong-track-by-announcing-the-end-of-borrowing-from-local-banks%2F\">Log in here<\/a><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>&#8220;I stand before you today, I can boast that Nigeria no longer borrows any money from local banks. We have reached our revenue target for the entire year, we achieved it in August,&#8221; says President Bola Tinubu of Nigeria. It was on September 2 at the Nigerian presidential palace in front of members during a&#8230;... <\/p>\n<div class=\"pmpro\"><div class=\"pmpro_card pmpro_content_message\"><h2 class=\"pmpro_card_title pmpro_font-large\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"var(--pmpro--color--accent)\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" class=\"feather feather-lock\"><rect x=\"3\" y=\"11\" width=\"18\" height=\"11\" rx=\"2\" ry=\"2\"><\/rect><path d=\"M7 11V7a5 5 0 0 1 10 0v4\"><\/path><\/svg>Membership Required<\/h2><div class=\"pmpro_card_content\"><p> You must be a member to access this content.<\/p><p><a class=\"pmpro_btn\" href=\"https:\/\/www.financialafrik.com\/en\/membership-account\/membership-levels\/\">View Membership Levels<\/a><\/p><\/div><div class=\"pmpro_card_actions pmpro_font-medium\">Already a member? <a href=\"https:\/\/www.financialafrik.com\/en\/login-3\/?redirect_to=https%3A%2F%2Fwww.financialafrik.com%2Fen%2F2025%2F09%2F04%2Fnigeria-why-tinubu-is-on-the-wrong-track-by-announcing-the-end-of-borrowing-from-local-banks%2F\">Log in here<\/a><\/div><\/div><\/div>","protected":false},"author":536282,"featured_media":484617,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2025\/09\/04\/nigeria-pourquoi-tinubu-fait-fausse-route-en-annoncant-la-fin-des-emprunts-aupres-des-banques-locales\/","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12591,12046,12038],"tags":[],"class_list":{"0":"post-484616","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-feature","8":"category-leaders-en","9":"category-premium-en","10":"pmpro-level-required","11":"pmpro-level-1","12":"pmpro-level-3","13":"pmpro-level-4","14":"pmpro-level-5","15":"pmpro-level-6","16":"pmpro-level-7","17":"pmpro-no-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: Why Tinubu is on the wrong track by announcing the end of borrowing from local banks - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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