Study rates Nigeria among 10 fastest growing economies

A RECENT study conducted by Ernst & Young on Private Equity (PE) exits across Africa between 2007 to 2012 has rated Nigeria among the 10 fastest growing economies of the world over the next five years.

Speaking at the formal presentation of its survey report on Private Equity in Lagos, the Partner, Transaction Advisory Services Leader, West Africa, Ernst &Young, Mr. Bisi Sanda, explained that the overall, sub-Saharan Africa has grown by over five per cent a year, with many countries posting rates in excess of six per cent.

This rapid growth, according to him was set to continue as Ethiopia, Mozambique, Tanzania, the Democratic Republic of the Congo, Ghana, Zambia and Nigeria are expected to be seven of the 10 fastest-growing countries in the world over the next five years.

Source: The Guardian, Nigeria

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