(MENAFN) Nigeria's economy offers more major opportunities for foreign investors, The Peninsula Qatar reported.
A report in July 2014 by McKinsey expected the GDP to grow to USD1.6 trillion by 2030, contributed to rapid infrastructure expansion through investment of up to USD1.5 trillion. As the largest and the most populous economy in Sub-Saharan Africa (SSA), it has grown rapidly since 2010.
Real GDP growth increased to 6.54 percent in the second quarter 2014, compared with 6.21 percent the previous quarter. Looking ahead, the Group expects the economy to continue in the 6 percent-7 percent range, making it one of the fastest economies in the region.
Nigerian GDP was rebased in April 2014, doubling it overnight from USD273 billion to USD523 billion and thus making it the largest economy in Africa. The economic fundamentals suggest that the potential for growth is high.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.