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2013: Analysts Predict Positive Economic Outlook For Nigeria

Channels Television  
Updated December 29, 2012

Economic analysts have predicted that the Nigerian economy will maintain positive macro-economic indices in 2013.

Speaking on Channels Television’s weekend programme, Sunrise, the analysts including the Deputy Governor (Operations) of the Central Bank of Nigeria (CBN), Tunde Lemo; an Economist, Henry Boyo; and a Bank Executive, Foluke Aboderin, agreed that Nigeria would see higher growth, higher equity valuations, robust reserves accretion, firm oil prices and slightly lower inflation next year.

However, the analysts disagreed on some government policies that have impeded the growth of the Nigerian economy such as the interest rates, cash liquidity and other economic growth indicators.

Mr Lemo said statistics from the CBN showed Nigeria’s foreign reserves which has moved in tandem with higher oil prices up to 34.9 per cent, has reached $44.340 billion.

Watch the complete interview with the three analysts in the five parts video below:












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