The World Bank has projected that Nigeria’s current account surplus will increase from 4.8 percent of GDP in 2025 to 6.0 percent in 2026. This forecast comes as part of the institution’s broader economic outlook for the country. The current account surplus measures the difference between the value of goods and services a country exports and the value of those it imports.
The improvement is expected to be driven by stronger export performance and reduced import levels. According to the report, Nigeria’s trade balance has been gradually improving over the past few years. This trend is attributed to increased oil production and the diversification of the economy beyond petroleum.
Nigeria has long struggled with economic instability, including inflation and currency depreciation. The current account surplus is seen as a positive sign for the country’s economic resilience. However, experts caution that sustained growth will require continued policy reforms and investment in key sectors. The World Bank’s projection highlights the potential for Nigeria to achieve more stable economic conditions in the coming years.
