Middle Class To Lead Spending Boom

Largely known for oil until now, private consumption is going to become a lot more important to the Nigerian economy over the next few years. Although Nigeria is still very poor on a per capita basis and divided very unequally by income, there are reasons to be more optimistic now about its domestic demand potential than before. Fundamentally, the economy looks like it's going to grow pretty strongly over the next few years as investment into the non-oil economy picks up.

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