According to Aminu Gwadebe, the President of the Association of Bureau De Change of Nigeria (ABCON), has said that the 1500/$ peg in the 2025 Appropriation Bill was within reach on the back of recent foreign exchange reforms being pushed by the Central Bank of Nigeria. 

In November 2024, the naira depreciated to an average of $/N1,667.41 which marked a 2.14 per cent decline from the $/N1,631.71 recorded in October 2024. 

According to the proposed 2025 budget, the Federal Government has budgeted N6.21bn for salaries of workers of the moribund Ajaokuta Steel Company for next year.

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