Nigeria: Sanusi Promises Double Digit Growth

29 August 2009

London — The Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi yesterday in London expressed optimism about the country's macroeconomic prospects, saying that Nigeria is expected to achieve a growth rate of 5 per cent this year buoyed by non-oil growth in the agriculture sector, improved oil prices and production following the amnesty programme in the Niger Delta, the steady decline of headline inflation and the nation's robust foreign reserves.

Fielding questions from the international financial community at a forum organised by the CBN, Sanusi said with the efforts being put in by the federal government to improve infrastructure, particularly in the power sector, Nigeria has the potential to attain double digit growth by 2010 and 2011.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.