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Nigeria GDP (Q4)

Nigeria’s economy recorded a surprisingly large pick-up in GDP growth, to 3.5% y/y, in Q4 but recent disruptions caused by the demonetisation process are likely to have dampened growth at the start of 2023. And while the main candidates in Saturday’s presidential election offer hope of a shift away from unorthodox policymaking, this will not be painless and growth will remain weak in the near term.

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