Nigeria's Gas Exports Projected at $10.5 Billion by 2025

According to the latest Balance of Payment (BOP) report released by the Central Bank of Nigeria (CBN), Nigeria is expected to earn $10.5 billion from gas exports in 2025, marking a growth from $8.66 billion in 2024. The report highlights a continued dominance of oil and gas in Nigeria's external sector, signaling an early structural shift as refined petroleum exports begin to contribute significantly to the country's export mix.

This growth in hydrocarbon exports is driven largely by gas, suggesting a gradual evolution in Nigeria's export structure, which has historically been dominated by crude oil. The increase in refined petroleum exports indicates early progress toward downstream integration, improving value retention within the domestic economy.

Gas is increasingly becoming a strategic pillar in Nigeria's energy economic plan, supporting policy initiatives amid rising global demand, despite the ongoing lag in non-oil exports.