Thursday, January 19, 2012 / FDC
After a tumultuous start of the year, with a strike in which approximately N1trillion of output was lost, the Nigerian economy is expected to settle down into a solid growth trajectory.
The IMF is projecting a GDP growth rate of 7.1% in 2012; S&P has revised the outlook to positive from neutral and Fitch had also revised the outlook to positive.
How come this economy that sails close to the wind always seems to recover every time it gets to the brink?
This detailed review of the Nigerian economy takes a look at the near term consequences of the “Occupy Ojota” movement and the bright prospects at the end of the tunnel.
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