Macroeconomic Forecast NigeriaAugust 2012 | Macroeconomic Forecasts
BMI View: Despite robust growth in goods imports, Nigeria is likely to maintain a relatively wide trade and current account surplus, thanks to the historically high price of its main export, crude oil. We are forecasting a current account surplus equal to 16.9% of GDP in 2012. Over the coming years, we expect this to decline, as productivity in Nigeria’s maturing oil fields flatlines and import demand remains robust.
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