Nigeria's Current Account Surplus to Reach $18.81 Billion by 2026, CBN Projects Strong Export Growth

The Central Bank of Nigeria forecasts Nigeria's current account surplus to increase to $18.81 billion in 2026, representing 11.16% of the GDP. The projection indicates a positive outlook for the country's external balance, with stronger export receipts expected to boost the surplus.

The CBN anticipates growth in both oil and non-oil exports, particularly in agriculture and fertilizers. However, the service account deficit is expected to widen due to increased demand for capital goods and higher service payments.

Despite challenges in the primary income account, Nigeria is expected to attract more foreign portfolio inflows, supporting the surplus.