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Okonjo-Iweala confident Nigeria’s GDP will exceed six per cent

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The Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, on Friday expressed confidence that growth in 2014 will be around the forecast of 6.5 percent after discounting the economic impact of the insurgency waged by the Boko Haram sect.

Speaking to Reuters news agency in Singapore, Okonjo-Iweala said, “we are confident it will be better than 6 percent and about 6.5 per cent.”

While revealing that government’s latest forecast set in the past few days, puts 2014 growth at 6.5 percent, she said the forecast already discounted the impact from the Boko Haram insurgency.

She maintained that the impact of the Ebola outbreak on the Nigerian economy was not yet significant.

The Minister was in Singapore to attend a conference jointly organized by Singapore state investor, Temasek, Goldman Sachs and the National University of Singapore, to deliberate on issues pertaining sustainable growth.

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