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ARTICLE · 09 DECEMBER 2015

Africa From The Inside

Deloitte Nigeria
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As Africa's largest oil producer, Nigeria's growth outlook and fiscal position have been implicated negatively by ‘half-priced' oil.

NigeriaInternational Law
Martyn Davies
Martyn Davies
Tawanda Gumbo
Tawanda Gumbo
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As Africa's largest oil producer, Nigeria's growth outlook and fiscal position have been implicated negatively by 'half-priced' oil. In its most recent forecast for Nigeria, the IMF cut the country's 2015 GDP growth rate from 4.5% to 4%, in contrast to actual growth of 6.3% in 2014.

Government tightens regulatory reins

The global oversupply of petroleum products and the slowdown of the global economy has caught many oil-producing countries but also some investors by surprise. As Africa's largest oil producer, Nigeria's growth outlook and fiscal position have been implicated negatively by 'half-priced' oil. In its most recent forecast for Nigeria, the IMF cut the country's 2015 GDP growth rate from 4.5% to 4%, in contrast to actual growth of 6.3% in 2014.

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