Nigeria finance Minister sees 2015 GDP growth at 6.75 percent

 

Nigeria's finance minister said on Tuesday she expected economic growth for 2015 to be around 6.75 percent, an improvement on the government's forecast of 6.2 percent this year.

Ngozi Okonjo-Iweala said the country's oil savings account, the Excess Crude Account, was broadly flat since August at $4.11 billion and that the fledgling sovereign wealth fund had $1.55 billion in it, she told a media conference.

Nigeria's oil savings in the Excess Crude Account (ECA) have recovered this year, though remains way below where it was two years ago.

The ECA declined as low as $2.5 billion at the start of 2014, from around $11.5 billion at the start of January 2013, according to the central bank.