Abuja, Nigeria – Nigeria’s gas export earnings jumped 21% to $10.51 billion in 2025 from $8.66 billion in 2024, per Central Bank of Nigeria’s Balance of Payments report, as total hydrocarbon exports rose to $48.17 billion with refined petroleum adding $6.13 billion amid crude softening.
Okay News details goods account surplus expansion to $14.51 billion from $13.17 billion despite current account dip to $14.04 billion and BoP surplus narrowing to $4.23 billion; Dangote Refinery’s ramp-up ends crude export/import paradox, boosting value-added downstream revenue.
Gas emerges as stabilizing forex pillar versus crude volatility, supporting NUPRC’s Gas Development Roadmap targeting 55 trillion cubic feet uncommitted reserves via upstream-midstream-downstream investments attracting $4.9 billion capex.
Non-oil exports hit N12.36 trillion (up from N9.09 trillion) led by agriculture, manufacturing, minerals—yet hydrocarbons dominate earnings; domestic refining integration retains value while gas powers economic planning amid global LNG demand.
The dual hydrocarbon diversification—gas growth plus refined exports—fortifies external balances, cushions oil price swings, and positions Nigeria for energy transition leadership as Dangote’s 1.4 million bpd expansion looms.
