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Nigeria Snapshot

Nigeria is the most populated country in Africa with a population of over 200 million and the largest GDP on the continent of US$448bn. In 2019, the IMF forecast growth...

Country SnapshotsNigeria

Nigeria Snapshot

Economic growth in Nigeria, the most populous country in Africa, remains slow and way off the overly-optimistic expectations of its 2017 economic recovery and growth plan. The country, which is negotiating World Bank funding in the region of US$2.5bn, the second tranche in as many years, remains highly dependent on agriculture and oil, which played into its languid GDP growth of 1.94% in the quarter to June, from 2.1% and 2.46% in the previous two quarters.

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