Macroeconomic Forecast Nigeria

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.

To read the full article, please choose one of the following options: