World Bank Predicts over 5% GDP Growth for Nigeria, Others in 2015/16

The World Bank has declared that despite weaker than expected global growth and stable or declining commodity prices, African economies, including Nigeria’s, have continued to expand at a moderately rapid pace, with regional gross domestic product (GDP) projected to strengthen to 5.2 per cent yearly between 2015 and 2016 from 4.6 per cent in 2014.

According to the bank’s ‘New Africa’s Pulse’—a twice yearly analysis of the issues shaping Africa’s economic prospects - significant investment in infrastructure, increased agricultural production and expanding services in African retail , telecoms, and others.