Chairman of the Dangote Group, Aliko Dangote has predicted that the naira will strengthen to N1,100 per dollar in 2026.
Dangote gave a speech on Tuesday at the federal government’s national industrial policy 2025 launch.
In recent weeks, the value of the currency has increased, reaching N1,335.95 per dollar on the official market and N1,380/$ on the illicit market on Tuesday.
The billionaire businessman commented on the trend, stating that the nation has the capacity to produce large-scale consumption, industrial expansion, and disposable incomes.
“I mean 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.
“Today, the dollar is N1,340. Mr. Vice-President, I can assure you with what I know, blocking all this importation and co, naira this year will be as low as N1,100 if we are lucky.
“The only thing is for maybe the government to stop the naira from getting stronger so that they will keep collecting more naira.
“But it’s a catch-22 situation where, now, if the naira gets stronger it means that everything will go down. Everything will go down because we are an import-based country which we shouldn’t be.
“What you should be is to manufacture all the things that we need.”
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