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Friday, 6 September 2013

Nigeria Shipping Report Q4 2013:Automotive & Transportation Market Research Reports

Automotive & Transportation Market Research Reports
 
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Nigeria Shipping Report Q4 2013
Sep 4th 2013, 00:00, by rnrmahesh

Nigeria’s budget deficit is expected to narrow in 2013, to 1.5% of GDP, compared to an estimated 2.3% in 2012, on the back of improved revenue collection. However, risks are to the downside. Unforeseen expenditures, most notably the large military push in the northern states of Borno, Yobe, and Adamawa to root out militant groups like Boko Haram will exert pressure on the government’s finances, with a possible knock on effect on the shipping sector. Nigeria is Africa’s leading oil producer, which enables it to maintain a healthy surplus in the trade account. This, accompanied by recent moves to limit …

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