Nigeria's growth to slow in 2015 to around 5.3%: Ngozi Okonjo-Iweala, Nigeria's Minister of Finance

Ngozi Okonjo-Iweala, Nigeria’s Minister of Finance

Growth in Africa’s largest economy and oil exporter could slow by about a percentage point next year, Nigeria’s finance minister said, as the country adjusts to falling crude prices.

Africa’s most populous nation, is cutting spending on government travel and equipment, and raising taxes on yachts and private planes as oil prices hit five-year lows.

Read more: Nigeria’s Growth to Slow in 2015, Says Finance Minister – Frontier Markets News – Emerging & Growth Markets – WSJ.