Companies / Nigeria
Positive Signs For Nigeria
May 2007 | BMI ViewBMI delivers a more optimistic assessment of the Nigerian car market in its latest Nigeria Automotive Report, with vehicle sales set to rise by over 18% in 2007 on the back of 5.9% growth in GDP. Automotive sales will be determined by the overall trends in the Nigerian economy, with investor confidence and a growing consumer class continuing to drive growth, and we are forecasting a very good year in 2007. However, growth will be short-lived due to a decline in GDP growth levels in 2008 and 2009, leading to sales in the region of 46,500-46,800 units. Sales will rise
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