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Nigeria: Improved results, Niger bridge brightens Julius Berger’s outlook

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This article is part of the dossier:

Logistics in Africa


By Temitayo Lawal

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Posted on February 14, 2023 13:17

Nigerian construction firm Julius Berger’s latest promising results, as well as big projects like the popular Second Niger Bridge, have brightened its 2023 outlook.

Nigeria in 2016 witnessed its first recession in 25 years after the global oil prices, its economic mainstay, dipped in tandem with the country’s crude production plummet. The annual real GDP growth in Africa’s largest economy declined from 6.2% in 2014 to 2.7% and -1.5% in the following two years, respectively.

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