Nigeria’s current account is expected to strengthen next year, supported by rising exports and transfers.
Both oil and non-oil exports will contribute to growth, helped by government initiatives and improved infrastructure.
Stronger Exports To Expand Current Account
Non-oil sectors, including agriculture and creative industries, are likely to expand steadily.
Policies aimed at boosting export chains will further reinforce the country’s economic performance.
Rising Imports And Service Costs
Imports are expected to rise as demand for machinery, equipment, and services grows.
The cost of transport and business services is likely to increase alongside freight and development needs.
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Payments to foreign investors will continue, reflecting the attractiveness of the domestic market.
Remittances And Investment Flows
Remittances and transfers from abroad will provide important support to the economy.
Foreign investment inflows are expected to remain strong, helping fund development projects.
Structural reforms and diversification efforts will strengthen the current account, despite ongoing challenges.
However, dependence on imports and rising service costs will continue to challenge growth.
