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Abuja - Economic growth in Nigeria will accelerate this year, driven by sectors outside its dominant energy industry, while inflation will continue its downward path, the International Monetary Fund said on Friday.
Africa's second-largest economy is set to grow 7.3% this year, up from 6.4% in 2013, the IMF said, a more optimistic outlook than Nigerian Finance Minister Ngozi Okonjo-Iweala's projection for 6.75% growth.
Inflation will end the year at 7%, down from 7.9% at the end of 2013, continuing a two-year downward trend supported by tight monetary policy, the IMF said.
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Source: Fin24
Africa's second-largest economy is set to grow 7.3% this year, up from 6.4% in 2013, the IMF said, a more optimistic outlook than Nigerian Finance Minister Ngozi Okonjo-Iweala's projection for 6.75% growth.
Inflation will end the year at 7%, down from 7.9% at the end of 2013, continuing a two-year downward trend supported by tight monetary policy, the IMF said.
Click here to read more
Source: Fin24
