Nigeria: Marginal Drop in Inflation Raises Prospect of Higher GDP

20 January 2013

Economic analysts say the marginal fall in inflation figure for the month of December 2012 has raised the prospect of a positive economic outlook for 2013.

They also maintained that the ongoing negotiations between Nigerian banks and some of the preferred bidders of the electricity generating and distribution companies under the ongoing power reform programme would provide the basis for credit growth in 2013.

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