Financial analysts and economic experts foresee a stronger naira against the US dollar and reduced petrol (PMS) prices in 2025, driven by increased foreign exchange inflows and reduced fuel imports. Improved oil production and enhanced domestic refining capacities are expected to alleviate currency pressure and stabilize PMS prices.
This optimism hinges on the success of ongoing economic reforms and favorable global market conditions. Additionally, banks are intensifying their recapitalization efforts to meet the March 2026 deadline set by the Central Bank of Nigeria (CBN), while the insurance industry prepares for a similar exercise following the anticipated passage of the Consolidated Insurance Bill next year.
LEADERSHIP has learned that the federal government’s increased borrowing to address the 2025 budget deficit could also influence inflation positively. President Bola Ahmed Tinubu’s proposed budget targets reducing inflation from 34.6% to 15% and strengthening the naira from approximately N1,700 to N1,500 per dollar.
These developments, coupled with ongoing structural reforms, signal a promising outlook for Nigeria’s economic trajectory in the coming year.
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Olawale Moses Oyewole is an adept writer who stays on top of current events and curate informative and engaging articles for his readers. He is a digital strategist who help brands gain online visibility.
