Nigeria’s economy is expected to grow by 5.54 per cent, while inflation is projected to remain at single digit in 2015 to 2017.
The National Bureau of Statistics (NBS) which made available these figures stated that the expansion in the economy would be supported by growth outside the oil sector.
According to its ‘Economic Review 2014 and Outlook 2015 – 2017’, the NBS stated that non-public investment decisions, which may be put on hold during the first quarter of the year as a result of the upcoming elections, are likely to be firmed up by the second quarter, will provide further support for growth.
It said, a reprioritization of capital expenditure by the FMF is likely to provide support for growth to reach 5.78 percent in 2016 and 5.80 in 2017.
According to its ‘Economic Review 2014 and Outlook 2015 – 2017’, the NBS stated that non-public investment decisions, which may be put on hold during the first quarter of the year as a result of the upcoming elections, are likely to be firmed up by the second quarter, will provide further support for growth.
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