Wednesday, May 30, 2012

Nigeria: 2012 growth revised to 6-7 percent

(Reuters) -The Finance Minister of Nigeria, Ngozi Okonjo-Iweala revised down the country's growth forecasts to 6-7 percent on Wednesday, from 7-8 percent previously.

"We can do 6-7 percent this year. That would be very good," she told a news briefing during an African Development Bank AfDB annual meeting in the Tanzanian city of Arusha.

During the budget presentation for 2012, the government of Nigeria had forecast 7-8 percent growth.

The economy of Nigeria, grew 6.17 percent in

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