Oil Revenue to Boost Growth, Says Nigerian FinMin

The transcript discusses Nigeria's economic growth projections for 2022 and 2023, focusing on revenue drivers such as the oil and non-oil sectors. It addresses the impact of elections on economic performance and public perception. The challenges of debt sustainability are explored, along with strategies to manage it. The discussion includes bond market conditions, liquidity issues, and international financial support. Currency management strategies and fiscal policies are also covered, highlighting the legal framework impacting Nigeria's economy.

What is the expected growth rate for Nigeria in 2023?

• 2.5%

• 3.5%

• 3.75%

• 4.0%

What sector is expected to drive Nigeria's growth in 2023?

• Agriculture

• Technology

• Non-oil sector

• Tourism

What is the main political challenge discussed in the second section?

• Infrastructure development

• Election campaigns

• Healthcare

• Corruption

What percentage of revenue was spent on debt servicing in Nigeria last year?

• 50%

• 80%

• 100%

• 60%

What is Nigeria's plan to reduce its debt servicing cost?

• Increase taxes

• Reduce costs and increase revenues

• Borrow more

• Cut healthcare spending

Which international organizations has Nigeria received support from?

• OPEC and WTO

• World Bank and IMF

• UN and WHO

• EU and NATO

What legal measure is Nigeria taking to manage its national debt?

• Amending the Fiscal Responsibility Act

• Issuing new bonds

• Increasing interest rates

• Reducing public spending