Following the 2025 budget plan presented to the national assembly, the president also gave a breakdown of what to expect of the dollar/naira exchange rate in 2025.
In the budget, he made it known that the exchange rate would fall from 1,700 naira to 1,500 naira in 2025.
Furthermore, he outlined means through which this can be achieved mentioning that the major plan is to cut down the inflation from 34.6% to 15%.
Meanwhile, this seems to be such a great start as the president has been keeping his promises lately; from a schedule to present the 2025 budget proposal to really presenting it to the national assembly.
In his words, the president said “The budget is projected so that inflation will decline from 34.6% to 15% come 2025. Also, the exchange rate will improve from approximately 1,700 naira to 1,500 naira. The base crude oil production assumption is budgeted at 2.06 million barrels per day (mbpd)”.
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