How Nigeria manages debt, oil will determine naira’s fate – Adebajo

BUSINESSDAY

The fate of the naira will hinge on how the government manages its debt profile, boosts oil production and leverages asset sales, according to Tilewa Adebajo, CEO of The CFG Advisory.

“The Naira position could be sub-1000/$ or north of 2000/$ depending on how government manages its debt profile, boost oil production and asset sales,” he said in his 2025 economic forecast titled, ‘From Reform Fatigue Quagmire to Sustainable Growth,’” he said.

He noted that Nigeria’s ambitious 18-month economic reform programme, designed to reposition the nation on the path of sustainable growth, has left the country teetering between progress and peril.

With poor implementation and a misaligned sequence of policy priorities, the programme has struggled to achieve its lofty goals, leaving the economy mired in stagflation and households reeling from reduced purchasing power.