Aliko Dangote has forecast a sharp strengthening of the naira, suggesting the currency could hit ₦1,100 to the dollar this year

[Augusta]

Aliko Dangote has forecast a sharp strengthening of the naira, suggesting the currency could hit ₦1,100 to the dollar this year.
Speaking on Tuesday at the launch of Nigeria’s Industrial Policy in Abuja — an event attended by Vice President Kashim Shettima and other dignitaries — Dangote highlighted government reforms as a key driver for the potential gains.


Naira could hit N1,100 per dollar in 2026 – Dangote
“Today, if you look at it, Your Excellency, I believe with the policies that you have implemented in government, people now have started seeing the result, and manufacturers are very, very happy,” Dangote said.

He noted that while the naira currently trades around ₦1,340 to the dollar, the government’s measures to restrict importation could push the currency to as low as ₦1,100, provided the trend continues.

 

[eLdavis]

Though that's good news but at the end of the day the price of things will still be high, this is the annoying part about it.

 

[Kross]

As a business person, Dangote would get equipment and inputs at lower costs if naira keeps appreciating against the dollar.

 

[Augusta]

The annoying part of it is that the price of things would not even come down so what the point.