NBS Sees Economic Growth of 6.19% in 2014

Nigeria’s government expects the economy to grow by 6.19 percent in 2014, accelerating from a 5.5 percent expansion last year, the National Bureau of Statistics (NBS) said yesterday.
The NBS said the economy expanded by 6.2 percent in the first quarter compared with a year earlier as strong growth in the services sector offset a drop in oil production. Nigeria overtook South Africa as Africa’s largest economy in April, after a rebasing of its calculation almost doubled its Gross Domestic Product (GDP) to more than $500 billion.
Source: Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *