ABUJA — President Bola Ahmed Tinubu has projected that the Naira will reach an exchange rate of ₦1,000 to the US Dollar “in weeks, not in months.” Represented by Vice President Kashim Shettima at the Renewed Hope Ambassadors Summit on Tuesday, the President attributed this impending milestone to rigorous fiscal discipline and the “restoration of honesty” in the nation’s economic management.
The President signaled that the administration’s focus is now shifting from stabilization to acceleration, underpinned by a ₦58.18 trillion budget and a renewed push for public transparency.
The Road to ₦1,000: Stabilizing the Currency
Tinubu revealed that the Naira’s appreciation is being carefully managed to prevent market shocks.
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CBN’s Strategic Hand: The President noted that the currency could have already hit the ₦1,000 mark were it not for a deliberate intervention by the Central Bank of Nigeria (CBN) to ensure market stability.
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A Warning to Speculators: Directing a “wake-up call” to hoarders, the President suggested that those stockpiling dollars are on the wrong side of the country’s economic recovery.
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Foreign Investment Magnet: The President highlighted that Nigeria secured five out of seven major investment decisions made in Africa last year, a testament to the country’s renewed “viability and promise.”
The 2026 Budget: Anchor for National Rebirth
As Nigeria moves into 2026, the administration is leveraging a ₦58.18 trillion budget designed to scale growth and fortify national security.
| Key Budget Pillar | Strategic Goal |
| Record Capital Expenditure | Funding massive infrastructure and industrial “acceleration.” |
| National Security | The largest allocation in history to secure farms, markets, and investment hubs. |
| Tax Reform | Protecting the vulnerable while encouraging private enterprise. |
| Waste Reduction | Executive orders to eliminate duplicative structures and curb public spending waste. |
Ambassadors of Truth: Bridging the “Trust Gap”
A major theme of the summit was the mobilization of Renewed Hope Ambassadors. The President tasked this group with taking the message of “national rebirth” beyond conference halls and into local wards, markets, and campuses.
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Countering Misinformation: Ambassadors are charged with replacing rumors with evidence and explaining the link between “tough decisions” and long-term jobs and security.
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Feedback Mechanism: The platform will serve as a two-way street, bringing the “lived experiences” and concerns of local communities back to the Presidential Villa.
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Grassroots Presence: Tinubu emphasized that elections and national trust are won in the “wards and markets,” not on social media platforms like Facebook.
“This mission is about presence. It’s about truth. It’s about trust.”
— President Bola Tinubu
High-Profile Developments in the Pipeline
The summit also spotlighted several critical projects currently driving the national agenda:
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Ajaokuta Reboot: A $2 billion Chinese-backed plan is advancing to finally bring the 42-year-old steel plant to life.
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Energy Transition: While solar adoption for telecom towers currently stalls at 20%, the government is pushing to move the sector past this “energy crossroads.”
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Creative Rights: New AI music detection tools are being deployed to address gaps in Nigeria’s copyright laws, protecting the nation’s burgeoning creative exports.
