FG Sets Naira to Dollar Exchange Rate Target in 2025 Budget, Expert Disagrees, Gives Reason [Video]

• The Nigerian government has set a targeted naira against the dollar exchange rate expected in 2025
• The rate is contained in the 2025 Budget Proposal that has been approved by the Federal Executive Council (FEC)
• Expert has reacted to the exchange rate projection captured in the budget, describing it as very unrealistic

The Federal Executive Council (FEC) has approved N47.9 trillion for the 2025 budget, executing capital projects and managing the Federal Government’s recurrent expenditures.

The Minister of Budget and National Planning, Senator Atiku Bagudu, disclosed this in a briefing to State House media after the meeting.

The proposed 2025 budget will have an exchange rate pegged at N1,400 to $1, and the government is targeting GDP growth of 6.4%, Punch reports.

Senator Atiku Bagudu said:

“The fiscal objectives were deliberately conservative, as we aim to carefully assess the trajectory, even though we expect the projections to …