Nigeria’s GDP Growth to Hit 8.2% in 2013

As growth in the Nigerian economy moves towards double digits as a result of efforts by the Federal Government to diversify the economy, some experts in the financial service sector have predicted that Nigeria’s Gross Domestic Product (GDP) growth would hit 8.1 per cent this year and to 8.2 per cent in 2013. In their review of the nation’s economy for the year, analysts at FBN Capital Limited, said the non-oil economy would again be the driving force noting that private consumption would remain robust in 2012. The experts added that recovery in oil production following the Niger Delta amnesty would only play a supporting role. The experts however, warned that the government must pursue its reform agenda if double-digit growth was to be achieved.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s