BUA Group Chairman Abdul Samad Rabiu has expressed optimism about Nigeria’s economic trajectory, projecting that the naira could strengthen to between N1,300 and N1,400 per US dollar by the end of 2025.
Rabiu stated this while speaking to journalists after he met with President Bola Tinubu at the Presidential Villa in Abuja on Wednesday. He praised the President’s “bold and decisive” economic policies, noting that the reforms are already yielding positive outcomes for both businesses and the national currency.
“Naira is trading below N1,500 today, I expect the exchange rate to strengthen further, likely settling around ₦1,300 to ₦1,400 before year-end. This is a development we should all celebrate,” Rabiu said.
He commended the government for creating a more transparent foreign-exchange system, describing it as a break from past practices that fostered scarcity and forced companies to lobby for dollars.
