Stronger Naira possible by Q1 2025 - Presidency

 The successes recorded by President Bola Tinubu administration’s intervention in the foreign exchange market and resumption of full operations by the refineries, a stronger Naira should be achieved by the first quarter of 2025.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who made the projection in a brief to State House Correspondents in Abuja on Thursday, said the policy revitalization in the foreign exchange market is aimed at strengthening the Naira in currency markets. 

Ngelale, however, noted that the recent successes in foreign exchange market are not enough for the nation to rest the policies and other efforts to strengthen the Naira.

He further noted with the various refineries, public and privately-owned, resuming full operations and capacity between now and the first quarter of 2025, the position of the Naira should become stronger and reflect on prices of market commodities. 

“The President has been very consistent in his view that the labour pains felt by our people and the incredible sacrifices made by our people over the past 10 months would be rewarded across the board.