The Business NG - September 26, 2025

In dit nummer

Editorial Focus

The optimism expressed by BUA Group Chairman, Abdul Samad Rabiu, that the naira could strengthen to between N1,300 and N1,400 per dollar by December 2025 deserves serious reflection. While market confidence has improved in recent weeks, with the naira already stabilizing below N1,500/$1, the real test will be sustaining this momentum through consistent reforms.

Rabiu rightly highlights the Central Bank of Nigeria’s decision to liberalize access to foreign exchange through international banking channels. This policy shift has eased pressure on the official market and improved transparency. However, monetary discipline must be matched with robust fiscal measures, especially in curbing imports, boosting local production, and cutting government waste.

His remarks on food pricing also underscore the role of private sector players in complementing government efforts. BUA’s earlier intervention in reducing rice prices is a model for other conglomerates to follow, particularly in supporting food security.

The bigger picture is clear: currency stability and affordable food prices are the twin pillars that can restore public confidence in economic reforms. Achieving them will require sustained collaboration between government and the private sector.