Dangote Projects Naira Could Strengthen to ₦1,100 in 2026

Chairman of the Dangote Group, Aliko Dangote,says Nigeria’s currency could become significantly stronger this year if current economic policies continue to take effect. He believes the naira has the potential to reach about ₦1,100 to the US dollar in 2026, a marked improvement from recent exchange rates.

Dangote made the comments during the launch of the National Industrial Policy in Abuja, highlighting that measures to reduce imports, boost local production, and support manufacturing are already showing positive results for the economy. He noted that these changes are helping to ease pressure on foreign exchange demand.

The naira has already shown some recent gains, trading firmer in both official and parallel markets compared with earlier rates this year. Dangote noted that while greater currency strength would benefit consumers and industry, it could also present challenges for government revenue because Nigeria still relies heavily on imported goods.

His projection aligns with broader optimism among business leaders who believe domestic refining, increased industrial output, and economic reforms could support further improvements in Nigeria’s exchange rate outlook throughout 2026.