The Chairman of the Dangote Group, Aliko Dangote, has predicted that the naira will strengthen significantly this year, projecting that the currency could trade at ₦1,000 to $1.
Dangote made the remarks while speaking at the launch of the Nigeria Industrial Policy in Abuja, an event attended by Vice President Kashim Shettima and other top government officials.
Although the naira currently exchanges at around ₦1,300 to the dollar, Dangote expressed optimism that recent government reforms would yield positive results for the economy and manufacturers.
“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,” he said.
