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Nigeria - 2013 - Country Profile - Leveraging Partnerships for Economic Transformation and Inclusive Growth

14-May-2014

I wish to commend the Government and people of Nigeria for their determined efforts to bring about positive social and economic changes in their country in recent years. In the past decade, the country has put in place policies and programmes that are now yielding remarkable dividends. I am very pleased to note that the Federal Government of Nigeria is vigorously carrying out a major structural realignment in pursuit of its 2020 transformation agenda, which the Bank fully supports.

Nigeria is among the best performing economies in Sub-Saharan Africa, maintaining greater than 6% average annual economic growth over several years. The country’s GDP rose to $ 509.9 billion in 2013 following the rebasing of the country’s GDP. Nigeria has therefore moved up the ranks of middle income countries.

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