JUST IN: Tinubu’s Govt Reveals When Naira Will Record Massive Gain Against Dollar, Others

President Bola Tinubu’s government has disclosed when Naira will record massive gains against other foreign currencies including Us dollar and others.

According to Special Adviser to the President on Media and Publicity, Ajuri Ngelale, President Bola Tinubu’s administration’s interventions in the foreign exchange market and the full resumption of refinery operations are expected to bolster the Naira’s strength by the first quarter of 2025.

In a briefing to State House Correspondents in Abuja on Thursday, Ngelale emphasized that the revitalization of policies in the foreign exchange market aims to reinforce the Naira’s position in currency markets. However, he cautioned that recent successes alone are insufficient to halt ongoing efforts to fortify the Naira.

Ngelale highlighted the anticipated impact of operational refineries, both public and private, on the Naira’s standing and market commodity prices by early 2025. He stated, “The President has been very consistent in his view that the labour pains felt by our people… would be rewarded across the board.”

Despite progress, Ngelale emphasized the need for continued vigilance, stressing that sustained efforts are crucial to lowering inflation and ensuring fair pricing reflective of prevailing exchange rates.

He concluded, “As our private and publicly-owned refineries resume operations between now and the first quarter of 2025, the nation’s cash position will dramatically improve… Nigerians can rightly expect a stronger Naira and a fair reflection of its strength in the prices of commodities in the marketplace.”