Abdul Samad Rabiu Gives Reasons Naira Will Be Stronger by December 2025

Abdul Samad Rabiu, the Chairman of BUA Group, believes that the Nigerian naira will gain strength against the US dollar before the end of 2025. 

Speaking after a meeting with President Bola Tinubu at the State House in Abuja, Rabiu said he expects the exchange rate to settle between N1,300 and N1,400 per dollar by December.

He has a confidence in Tinubu economic reforms

Rabiu praised President Tinubu’s economic decisions, describing them as bold steps that are already improving the business environment. 

He pointed out that the government’s new foreign exchange policies have brought more transparency and stability to the market. According to him, this shift is giving businesses the confidence to plan better and reducing unnecessary pressure on the Central Bank of Nigeria (CBN).

Why the naira could strengthen

One of the main reasons Rabiu is optimistic is the reduced dependence of businesses on the CBN for foreign exchange. 

He explained that companies can now get dollars from various independent sources instead of relying only on the apex bank. This change has eased access to foreign currency and cut down on the unhealthy practices that thrived under the old multiple-rate system.

Rabiu also noted that food prices and supply conditions are beginning to improve, showing that the reforms are not just benefiting companies but ordinary Nigerians as well.

Market reactions and predictions

Rabiu’s forecast aligns with recent optimism from members of the CBN’s Monetary Policy Committee, who also believe the naira could appreciate to around N1,400 by year-end. 

The currency has already shown some recovery after trading above N1,600 earlier in the year. As of this week, it exchanged at N1,518 on the parallel market and N1,487 on the official market.

The BUA chairman called on Nigerians to see the progress as a reason for hope, saying the exchange rate is moving in a positive direction.

BUA’s own growth story

Beyond the naira discussion, Rabiu’s optimism reflects the strong performance of his own company. Recently, BUA Foods Plc became the most valuable firm on the Nigerian Exchange (NGX) with a market value of N11.3 trillion. 

This growth, which came just three years after its listing, shows how businesses are benefiting from the changing economic landscape.