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ADB Predicts Slow Economic Growth for Nigeria
• Africa’s GDP growth to fall by half From Kunle Aderinokun in Dakar, Senegal, 05.11.2009
The African Development Bank (ADB), in its 2009 African Economic Outlook (AEO), has predicted a gloomy future for the Nigerian economy, projecting the real gross domestic product (GDP) growth to slide to 4 per cent in 2009, from 5.3 per cent it recorded in 2008. The decline in growth, it said, was coming, because of the dwindling oil revenue for the country, as a result of slash in OPEC quota on o...