Africa Economy

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Articles & Analysis | Nigeria's Hotel Listings from The Report: Nigeria 2017

 

HOTEL MOORHOUSE MGALLERY 1 Bankole Oki Road, Ikoyi, Lagos T: (+234) 1 461 5409 - 20 F: (+234) 1 461 5423 www.accorhotels.com; www.mgallery.com h2770-sl1@accor.com Rooms:  Superior rooms, luxury rooms and executive suites, 90 in total. Business & Conference Facilities: 8 meeting rooms with a maximum capacity of 80 people and...

 

In response to Nigeria’s 2016 recession, the government launched the Economic Recovery and Growth Plan (ERGP) in March 2017. The ERGP sets out broad targets ranging from macroeconomic stability to economic diversification and improving governance. It identifies five priority areas: stabilising the macroeconomic environment; achieving...

 

What reforms has the government instituted, and what more can it do to promote economic growth?

 

How is the government working with the private sector to help finance infrastructure projects?

 

Nigeria has seen notable success in recent months on global debt markets. In February 2017 the government issued a 15-year, $1bn dollar-denominated eurobond at a yield of 7.9%, which was eight times oversubscribed. The following month it issued an additional $500m eurobond at a yield of 7.5%, testament to the continued appetite for debt in...

 

The past few years have been difficult for Africa’s largest economy, with a fall in oil prices from more than $100 per barrel in 2014 to roughly $50 per barrel at the start of 2017 having damaging consequences for Nigeria. The fall in revenues from the country’s largest export-earner led to a slowdown in investment throughout the economy, a...

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