Nigeria is facing several challenges in the lead-up to the ---- election, any one of which could pose a threat to broad political stability and economic development. However, we believe that the country will be able to navigate these issues and avoid disaster. ...This potentially sets the opposition on a collision course with the judiciary. The arrival of the ex-PDP lawmakers at the APC potentially makes the opposition party the dominant force in the lower house of parliament (the actual make-up of parliament is uncertain due to the court case alluded to above and the fact that there have been defections in the opposite direction). However, the PDP s losses cannot necessarily be counted as the APC s gain. ...debt has been practically wiped out through the Paris club debt relief initiative. The agriculture sector has significant potential as does the large consumer market.
...- Business Monitor International Ltd www nigeria Q- ---- core Views nigeria s economy was the world s --th largest economy in ---- after the results of a recalculation of GdP were announced in early april ----. The change represents the evolution of Nigeria s economy over recent years with secondary and tertiary industries now contributing a larger share of GdP. the agriculture sector is not only smaller relative to GDP than previously thought but is also growing more slowly suggesting that agricultural reforms have not been as successful as many assumed. ...- Business Monitor International Ltd www nigeria Q- ---- core Views nigeria s economy was the world s --th largest economy in ---- after the results of a recalculation of GdP were announced in early april ----. The change represents the evolution of Nigeria s economy over recent years with secondary and tertiary industries now contributing a larger share of GdP. the agriculture sector is not only smaller relative to GDP than previously thought but is also growing more slowly suggesting that agricultural reforms have not been as successful as many assumed. despite being measured from a much higher base, we believe that the economy will continue to expand by around -.- per year over the next few years as the contribution of the sluggish oil sector has been taken up by more dynamic industries such as manufacturing and services. ...If Sanusi Lamido Sanusi is replaced by a more dovish central bank governor when his term expires in ----, inflation could head higher leading to a less favourable growth environment. - Business Monitor International Ltd www executive summary
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