Nigeria on course for 6.1 pct growth: minister


Nigeria is on track to meet targets of 6.1 percent growth and 11.2 percent inflation this year, Minister of State for Finance Remi Babalola said.

The most recent Reuters poll of analysts gave an estimate of 6.4 % for growth in 2010 against 6.9 % last year. Inflation rose to 12.3 % in January.
“The expected GDP rate of 6.1 percent and target inflation of 11.2 percent are still visible in 2010 as government sustains macroeconomic stability and continues its economic reforms,” Babalola told a conference in Lagos.