Oil, agriculture, banks to boost Nigerian growth

Nigeria’s economy was expected to grow at a speedy 6.75 percent this year, driven by progress in agriculture, banking and oil, while high inflation rates should ease slightly, data showed yesterday.

Both will add to the reputation of Africa’s top oil producer as a growing investment destination with a huge consumer market of 160 million people. Demand for its sovereign debt, for example, has soared since JPMorgan Chase added it to its emerging bond index last year.