Wednesday 7 October 2015

Infrastructure deficit, sliding oil prices may cut Nigeria’s growth projection

Growth is expected to decelerate in Sub-Saharan Africa to 3.7 per cent in 2015, the lowest since 2009, due to declining crude prices and infrastructure (electricity supply and transport) constraints affecting Nigeria and South Africa.
The World Bank said in a report titled: Africa Pulse released on Monday, that slowdown in growth forecast is related to crude oil prices, refining, one of the key activities in the sector, which recorded a sharp decline.
Read more @ Guardian online
 
 

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