Nigeria Content Online

The nation’s
economy grew by 7.68 percent in the second quarter, the Central Bank of
Nigeria Governor, Sanusi Lamido Sanusi said on Wednesday, up from 6.68
percent the previous quarter. “The economy has maintained a steady
sustainable growth of 7.68 percent, especially in the non-oil sectors
led by agriculture, retail trade, services and construction,” Mr Sanusi
told reporters after a cabinet meeting. The Central Bank forecasts
sub-Saharan Africa’s second biggest economy to grow by 7.53 percent
this year, up from 6.66 percent in 2009. Mr Sanusi gave a bright
outlook for the OPEC member’s economy, with moderate inflation and a
stable foreign exchange market.

“The Nigerian economy remains resilient and the near to medium-term outlook is positive,” he said.