Nigeria’s strong growth in 2018 is expected to drop sharply this year. In question, the important election expenses.
In fact, at the end of 2018, Africa’s largest oil producer posted its strongest quarterly growth since 2014. The presidential elections scheduled for mid-February have generated enormous expenditures and should help reduce the peak below 2%.
These forecasts made by Bloomberg Economics contradict those of the State of Nigeria which figures at between 2.4 and 3%.
