Gist Boards > General News

Did u know Nigeria is one of the fastest growing countries in the world?

(1/1)

olaniyi:
NIGERIA and Ghana have been assessed to be among the three fastest growing markets among the 25 leading rapid-growth ones in the world in the next two years, a report just released by Ernst and Young has revealed.

According to the global body in its quarterly Rapid-Growth Market Forecast (RGMF), economic expansion in the 25 leading Rapid Growth Markets (RGMs) has started to slow sharply since the beginning of this year but this will only be a temporary blip.

However, Ernst & Young believes that the power sector holds the key to Nigeria’s economic growth and development.

It stated: “There is a mixed picture emerging across the world. Although Asia is likely to lead the way, Africa remains resilient overall, with Ghana and Nigeria among the three fastest growing of the RGMs this year.

“However, Central and Eastern Europe and Latin America are hindered by the slow growth in their key export markets of the Eurozone and United States respectively. If the Eurozone should fall further into recession, RGMF predicts that the Czech Republic and Poland would be pushed into recession, with Hong Kong and Malaysia also hit hard due to their dependence on global trade."

Navigation

[0] Message Index