{"id":13033,"date":"2016-10-04T12:41:56","date_gmt":"2016-10-04T12:41:56","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=13033"},"modified":"2016-10-04T12:41:56","modified_gmt":"2016-10-04T12:41:56","slug":"nigeria-not-serious-with-diversification-world-bank","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/world-news\/nigeria-not-serious-with-diversification-world-bank.html","title":{"rendered":"Nigeria not serious with diversification world Bank"},"content":{"rendered":"<h2 style=\"text-align: justify;\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 18pt;\">Nigeria not serious with diversification world Bank<\/span><\/strong><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\"><strong>Nigeria not serious with diversification world Bank:-<\/strong> The World Bank has projected economic growth in Sub-Saharan Africa to fall below expectation in 2016.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">According to Africa\u2019s Pulse, the bi-annual analysis of economic trends in the continent, growth is expected to be 1.6 percent in 2016 \u2014 lower than the 2.4 per cent forecast of the world bank in June.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">The bank noted in the report that African countries including Nigeria which depend on commodities are not serious with the diversification of their economies.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">Shocks from collapsed commodity prices and tighter financial conditions, exacerbated by domestic pressures arising from policy uncertainties, adverse weather conditions, and political and security concerns, have continued to weigh on activity in the region,\u201d the report said.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">The projected slip in growth is nearly half of the 3per cent growth recorded in 2015 and the uninspiring economic fortunes of Nigeria and South Africa, the continent\u2019s largest economies, is said to be largely responsible for the slowed growth.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">In the midst of the gloomy outlook, a turnaround and appreciable progress is expected in the coming year.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">By 2017, a 2.9 per cent growth is estimated and a further upsurge is expected in 2018 as African economies will expand by 3.6per cent says the report.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">According to the growth performance ratio per country \u2013 the economies of Nigeria, Botswana, South Africa, Chad, Madagascar, Angola, Liberia Sierra Leone, Cape Verde and The Gambia \u2013 are performing badly.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt;\">Only four African economies \u2014 Tanzania, Ethiopia, Burundi, Mozambique \u2014 are deemed well-performing.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 8pt;\">Source:-https:\/\/www.today.ng\/news\/nigeria\/191657\/nigeria-serious-diversification-bank<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/world-news\/nigeria-not-serious-with-diversification-world-bank.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Nigeria not serious with diversification world Bank Nigeria not serious with diversification world Bank:- The World Bank has projected economic growth in Sub-Saharan Africa to fall below expectation in 2016. According to Africa\u2019s Pulse, the bi-annual analysis of economic trends in the continent, growth is expected to be 1.6 percent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5470],"tags":[7988],"class_list":["post-13033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news","tag-nigeria-not-serious-with-diversification-world-bank"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/13033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=13033"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/13033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/13034"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=13033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=13033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=13033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}