{"id":461363,"date":"2018-07-20T12:46:54","date_gmt":"2018-07-20T11:46:54","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=461363"},"modified":"2018-07-20T12:46:54","modified_gmt":"2018-07-20T11:46:54","slug":"nigeria-a-growth-rate-of-2-of-gdp-expected-in-2018","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/07\/20\/nigeria-a-growth-rate-of-2-of-gdp-expected-in-2018\/","title":{"rendered":"Nigeria: a growth rate of 2% of GDP expected in 2018"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The economy of the country to 190 million inhabitants takes the colors, reading the forecasts made by the French insurance company for foreign trade (Coface).<\/p>\n<p>In recession in 2016 with a rate of -1.6%, partly caused by the drop in oil prices, the instability related to the Boko Haram armed group and the reluctance of investors, the Nigerian economy is, indeed, on a positive spiral. In 2017, it recorded a modest 0.8% recovery that will materialize in 2018 with 2% GDP growth.<\/p>\n<p>However, the control of inflation is at 14.4% and a strong budget pressure with a 16% increase in spending and a public debt that continue to grow with a debt service that absorbs 60% of the revenues of the State (22.8% of GDP in 2018 against 21.3% in 2017) is the main challenge for the continent&#8217;s largest economy to enable it to solidify the momentum of recovery.<\/p>\n<p>It should be noted that growth slowed in the first quarter of 2018, with a slight increase of 1.95%, mainly driven by the oil sector whose economy is still dependent.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The economy of the country to 190 million inhabitants takes the colors, reading the forecasts made by the French insurance company for foreign trade (Coface). In recession in 2016 with a rate of -1.6%, partly caused by the drop in oil prices, the instability related to the Boko Haram armed group and the reluctance of<\/p>\n","protected":false},"author":532218,"featured_media":461366,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11996],"tags":[12145,38],"class_list":{"0":"post-461363","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"tag-gdp","9":"tag-nigeria","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: a growth rate of 2% of GDP expected in 2018 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/07\/20\/nigeria-a-growth-rate-of-2-of-gdp-expected-in-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria: a growth rate of 2% of GDP expected in 2018\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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