Buhari Win Will Probably Limit Growth Rebound in Nigeria

(Bloomberg) -- President Muhammadu Buhari’s election victory probably means continued political interference in Nigeria’s economy and slower growth, according to Bloomberg Economics. The opening of the Egina offshore oilfield this year and the Dangote refinery in 2020 will deliver a near-term boost, but low capital investment is likely to inhibit growth over the medium term. BE expects Nigeria, Africa’s largest oil producer, to keep losing ground in real GDP per capita against its peers in sub-Saharan Africa.

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