Economic expert and Nairametrics CEO, Ugodre Obi-Chukwu, has warned that the return of former U.S. President Donald Trump to power could strengthen the dollar, weakening the Nigerian naira and other African currencies.
In his report “Nigeria’s Macroeconomic Outlook 2025,” Obi-Chukwu explained that a stronger dollar could drive up debt servicing costs, worsen inflation, and reduce oil revenues due to increased U.S. oil production.
He also highlighted the potential impact of stricter U.S. immigration policies on remittances and foreign exchange reserves, alongside rising U.S. tariffs that could inflate import costs.
Obi-Chukwu projected a worst-case exchange rate of ₦2,200/$1 and advised businesses to prepare for challenges as Nigeria’s fiscal deficits, high inflation, and debt burden continue to threaten economic stability.
The expert added that Nigeria’s ongoing forex reforms might struggle to offset these pressures, while rising inflation could dampen GDP growth and weaken purchasing power.
