Market Report, "Nigeria Food & Drink Report Q3 2013", Published
We continue to maintain our positive long-term outlook on Nigeria's food and drink sector, despite some of the obstacles in the near term. Ongoing instability in the country's northern regions, and high rates of inflation, which increased 10% year-on-year in April 2013, according to the National Bureau of Statistics, is having a negative impact on consumer confidence. Nevertheless, there is no doubt of the tremendous untapped potential of this emerging market. A burgeoning middle class has accompanied economic growth, and...
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