By Gwurld4026 
N1,500/$ Exchange Rate in 2025: Tinubu’s Economic Strategy Unveiled
President Bola Tinubu has set an ambitious target to stabilize Nigeria’s exchange rate at N1,500 to the dollar in the 2025 budget. This goal represents a N200 reduction from the current rate of approximately N1,700 per dollar.
In his presentation of the 2025 Appropriation Bill to the National Assembly, President Tinubu outlined key economic projections:
- Inflation Reduction: Aiming to decrease inflation from the current rate of 34.6% to 15% in the coming year.
- Crude Oil Production: Setting a base crude oil production assumption at 2.06 million barrels per day.
These projections are based on several strategic initiatives:
- Petroleum Product Importation: Reducing the importation of petroleum products.
- Export of Refined Products: Increasing the export of finished petroleum products.
- Agricultural Enhancement: Achieving bumper harvests driven by enhanced security, thereby reducing reliance on food imports.
- Foreign Exchange Inflows: Increasing foreign exchange inflows through foreign portfolio investments.
The 2025 budget, termed the “Budget of Restoration,” allocates significant funds to critical sectors:
- Defense and Security: N4.91 trillion.
- Infrastructure: N4.06 trillion.
- Health: N2.4 trillion.
- Education: N3.5 trillion.
The administration’s focus on these areas aims to stimulate economic growth, enhance national security, and improve public services.