The Naira is expected to strengthen against the US dollar, reaching N1,450/$1 by the end of 2025, according to Murtala Sagagi, a member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee. Currently trading at ₦1,535.50/$1, the Naira’s appreciation is attributed to improvements in fiscal and monetary conditions.
Sagagi stated, “The value of the naira has been relatively stable even though it is still considered undervalued. It is projected that the naira would appreciate to N1,450 per US dollar by the end of 2025.” He added that positive assessments from international rating agencies like JP Morgan and Fitch Ratings have reinforced investor confidence, supporting the outlook for improved currency performance
Sagagi emphasised the need for complementary fiscal policy actions to ensure that improvements in inflation translate into measurable gains in economic growth and employment. He noted, “There is an urgent need to look inward to generate a stable and inclusive economy.”
The CBN’s exchange rate reforms and monetary policy adjustments have contributed to greater currency stability and eased inflationary pressures. However, notable risks remain, and the apex bank will hold its 301st Monetary Policy Committee meeting on July 21-22, 2025, to discuss interest rate policy
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