Naira will appreciate to N1,300 per dollar, food prices to reduce significantly – BUA chairman, Rabiu

[Augusta]

Chairman of the BUA Group and Nigerian billionaire businessman, Alhaji Abdul Samad Rabiu, has said the naira is expected to settle at between N1,300 and N1,400 per dollar by the end of December 2025.

He disclosed this in a briefing with journalists after meeting with President Bola Ahmed Tinubu at the presidential villa on Wednesday.

He commended the reforms under the president, stressing that businesses no longer rely on the Central Bank of Nigeria for foreign exchange, suggesting FX stability

 

[magnus2022]

It is very possible but that does not solve the problem of the poor masses on the street of Nigeria. Nigerians need security and affordable food. The poor man in Nigeria don't understand anything about exchange rate, he simply need good governance