A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Dr. Aliyu Dahiru Sagagi, has projected that the Nigerian Naira will appreciate significantly to ₦1,450 per US dollar by the end of December 2025.
Dr. Sagagi made this forecast during a recent economic policy briefing in Abuja, expressing optimism that ongoing monetary and fiscal reforms will yield positive outcomes in the foreign exchange market. According to him, sustained interventions by the Central Bank, coupled with improved dollar inflows and structural reforms, will help stabilise the naira and reverse recent trends of depreciation.
He further explained that efforts to curb inflation, boost local production, and enhance investor confidence are gradually restoring balance to the market. The MPC member highlighted that the coordinated actions of the monetary authorities and fiscal policymakers are key to achieving a stable and stronger exchange rate regime by year-end.
The CBN has recently intensified its commitment to exchange rate stability through a range of measures, including clearing forex backlogs, enhancing diaspora remittance channels, and tightening monetary policy to address inflationary pressures.
As of July 2025, the naira has witnessed fluctuating rates amid macroeconomic challenges, but Sagagi’s outlook signals a hopeful turn as authorities continue to implement reforms to revive confidence in Nigeria’s financial system.
Economic observers, however, have called for cautious optimism, urging the government to follow through with policy implementation and ensure sustained improvements in critical sectors that influence foreign exchange earnings.
