Analysis by Region - Africa

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $185	6 Pages	Oxford Economics	March, 2022	OFE17063649

Attention: There is an updated edition available for this report.

Best Price Guarantee
Price	from $185
Length	6 Pages
Publisher	Oxford Economics
Published Date	March, 2022
SKU	OFE17063649

Analysis by Region - Africa

While economic activity was bolstered by the non-oil sectors in 2021, and real GDP expanded by 3.6%, improvements in the oil sector are expected to sustain a strong economic performance in 2022. Elevated oil prices should bolster the hydrocarbons sector, and these benefits will be compounded as oil output recovers and the new Dangote oil refinery comes online. Consequently, economic growth is forecast at 3.4% in 2022 and 2.9% in 2023.

Nigeria: Booming oil sector forecast to lift real GDP by 3.4% in 2022: Forecast overview; Recent developments; Short-term outlook; Key drivers of our short-term forecast; Economic risk; Economic risk evaluation; Background; Economic development; Structure of the economy; Balance of payments; Policy and politics