Non-oil GDP is expected to increase steadily, while oil GDP is expected to increase slightly. The exchange rate is expected to fluctuate, decreasing significantly in 2025 before increasing slightly in 2026 while inflation is expected to decrease over the three-year period. Oil production is expected to increase slightly over the three-year period.

The oil benchmark reflects the expected price of oil in the years 2024, 2025, and 2026, which increases slightly in 2025 before decreasing in 2026. The figures provided represent key parameters for Nigeria’s medium-term revenue and expenditure framework.

These rates reflect the assumed values used for currency conversion in economic calculations.

Dollar ($) are 700 Naira to 1 Dollar in 2024, 665.61 Naira to 1 Dollar in 2025, and 669.79 Naira to 1 Dollar in 2026. The projected exchange rates for the Nigerian Naira (N) against the U.S.