Macroeconomic Forecast Nigeria

BMI View: Nigerian growth in 2012 will decline relative to previous years, due to maturing oil fields, domestic unrest (which has caused agricultural production to decline), and sluggish external demand, which has seen the price of oil decline steeply in recent months. However, growth should remain relatively robust, at 7.1% in 2012, and we expect this to increase to 7.3% in 2013.

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