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Vol 53 No 1

Published 6th January 2012


Nigeria

How the economy defies politics

Insulated from political chaos, this year’s budget assumes a gross domestic product growth rate of 7.2%. The International Monetary Fund reckons it may be just under 7%. Early in the year, Finance Minister Ngozi Okonjo-Iweala will announce the rebased GDP, the first such recalculation of national income for two decades, after lengthy research conducted with the World Bank.

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