Chairman of the Dangote Group, Aliko Dangote, has projected that the naira could strengthen to as low as N1,100 to the dollar this year, driven by the Federal Government’s industrial and economic reform policies.
Dangote, however, noted that the only factor that could prevent such appreciation is if the Federal Government deliberately allows the naira to remain weaker in order to boost naira-denominated revenue.
He made the remarks on Tuesday, February 17, 2026, while speaking at the launch of the Nigeria Industrial Policy in Abuja. The event was attended by Vice President Kashim Shettima and other top government officials.
