Dangote made the projection on Tuesday during the launch of Nigeria’s national industrial policy, stressing that recent government reforms had begun to yield positive results for manufacturers and the economy. At the time of his comments, the naira was trading around ₦1,330–₦1,340 per dollar at the official market.
He attributed the potential strengthening to reduced import reliance and increased local production, part of broader economic strategies aimed at stabilising the currency. Dangote noted that stronger support for local industries and infrastructure — especially reliable power supply — will be essential to sustain the trend.
However, Dangote also warned of a potential “catch‑22 situation” where a stronger naira could lead to lower prices for imports, affecting government revenue. He suggested that Nigeria must focus on boosting manufacturing and reducing dependency on foreign goods to maintain healthy economic growth.
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Business mogul Aliko Dangote has forecast that the Nigerian naira could appreciate to around ₦1,100 to $1 dollar this year if government policies and economic reforms hold firm. The naira could strengthen significantly against the US dollar in 2026, potentially exchanging at about ₦1,100 to $1, according to Dangote Group Chairman Aliko Dangote. Dangote made the projection on...
Key takeaways
- Business mogul Aliko Dangote has forecast that the Nigerian naira could appreciate to around ₦1,100 to $1 dollar this year if government policies and economic reforms hold firm.
- The naira could strengthen significantly against the US dollar in 2026, potentially exchanging at about ₦1,100 to $1, according to Dangote Group Chairman Aliko Dangote.
- Dangote made the projection on Tuesday during the launch of Nigeria’s national industrial policy, stressing that recent government reforms had begun to yield positive results for manufacturers and the economy.
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Business mogul Aliko Dangote has forecast that the Nigerian naira could appreciate to around ₦1,100 to $1 dollar this year if government policies and economic reforms hold firm. The naira could strengthen significantly against the US dollar in 2026, potentially exchanging at about ₦1,100 to $1, according to Dangote Group Chairman Aliko Dangote. Dangote made the projection on...
Who published this story?
Glow 99.1 FM published this story with Oyetoke Adedayo Ebenezer listed as author.
When was it published?
February 18, 2026
