(Bloomberg) -- Nigeria, Africa’s largest oil producer, recorded its strongest quarterly growth in 4 1/2 years at the end of last year even as oil output declined. Bloomberg Economics says that spending ahead of elections on Feb. 16 probably played a part and growth is likely to slow this year as the recent decline in crude prices creates more pressure to reduce spending.
To contact the staff on this story: Mark Bohlund (Economist) in London at email@example.com
To contact the editor responsible for this story: Zoe Schneeweiss at firstname.lastname@example.org
©2019 Bloomberg L.P.