Nov 29, 2018
The World Bank expects Nigeria’s economy to grow slightly less than 2 percent this year, largely driven by the non-oil industry and services sectors, as the approach of elections keeps foreign investors away, it said on Wednesday.
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Nigeria emerged from a recession last year but growth remains fragile, with the government borrowing both at home and abroad to help fund its budget. It has raised almost $9 billion from the eurobond market since 2017 to boost growth. “Nigeria’s emergence from recession remains sluggish, and sectoral growth patterns are unstable. In the second quarter of 2018, the oil sector contracted by 4.0 percent,” the bank said in a statement.
GDP grew by 0.83 percent last year after shrinking by 1.58 percent in 2016, its first annual contraction in 25 years. For this year, Nigeria’s central bank is projecting growth of 1.75 percent. Nigeria is largely dependent on its oil sector for government revenues and foreign exchange, but it has been constrained by a subsidy on petrol and other deductions, the bank said, noting that foreign investment was stagnant.
Source: IOL


http://energymixreport.com/nigerian-2018-gdp-growth-to-remain-under-2-world-bank/

Going “higher” with 2% growth?
Even Niger is recording 5% growth margin.

Ouch!
The lifelessness continues.
What a CURSE!


https://www.google.com/amp/www.itnewsafrica.com/amp/2018/05/top-10-fastest-growing-economies-in-africa-2018//

And mo...rons are talking about Buhar who have no ears to listen to their plight. I would where these sets of imbeciles buy their petrol .
I rather vote for Oby

From 6 to 2%. Well done Buhari

And some ediots want us to actually believe Nigeria have neva had it dis gud.. Dis statement is d height of it all but it has been constrained by a subsidy on petrol and other deductions, the bank said, noting that foreign investment was stagnant..
Expect d shameless ones to either come in here to tell us how world bank is being sponsored by d PDP or is even helping "Looters" keep their loots. Others will simply jus avoid d thread completely

Diz one na just 2% hw next level go be!

bencr7:
Diz one na just 2% hw next level go be!

this na how next level go be.

Chai World Bank even dey Nairaland My people you see what we have been saying that after four years Buhary did not give us even one year of TWO percent economic growth MEANWHILE Ghana is growing at over EIGHT percent this year