Alhaji Abdul Samad Rabiu, chairman of the BUA Group and a leading Nigerian businessman, predicts that the naira will stabilize at a range of N1,300 to N1,400 per dollar by the end of December 2025. He made the remark during a briefing with journalists after meeting President Bola Ahmed Tinubu at the presidential villa. Rabiu praised the current administration’s reforms, noting that businesses are no longer dependent on the Central Bank of Nigeria for foreign exchange, a sign of growing stability in the market.
Rabiu also highlighted a marked decline in food and commodity prices in 2025 compared with the previous year. “If you look at the prices of food items last year and what we have today, you’ll see a significant reduction in all commodities and food prices,” he said. Recent data from the National Bureau of Statistics corroborate his observation, with headline inflation falling to 21.12 percent and food inflation to 21.87 percent in August 2025.
The naira has already shown signs of strengthening, trading at N1,490 per dollar on the black market and N1,488.56 on the official market on Wednesday. Rabiu described the anticipated stabilization as a welcome development, stating, “I expect the rate to come down to maybe N1,300 or N1,400 before the end of the year.” If these trends persist, the combined effect of a steadier naira and lower food prices could positively influence Nigeria’s economy. Continued government reforms and efforts to stabilize the foreign‑exchange market will be crucial in shaping the naira’s trajectory and the broader economic outlook.
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