Nigeria Energy

As the only member of the Organisation of the Petroleum Exporting Countries reliant on imported fuels, Nigeria has long dealt with an expensive trade situation, which has soaked up finite foreign currency reserves and put pressure on the naira. Sector stakeholders have called for the full deregulation of petrol prices, arguing that removing...

Founded on its diverse agricultural base, abundant mineral and petroleum reserves, and a young and growing population of workers and consumers, Nigeria presents considerable potential to return high yields on investment in manufacturing segments. While the discovery of hydrocarbons and rising crude prices created a dependence on export...

The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities such as improved productivity, as well as risks, namely reshoring and the...

What are some of the main infrastructure challenges that fast-moving consumer goods (FMCG) companies face in Nigeria?

When President Muhammadu Buhari took office in 2015, he pledged to increase the country’s crude oil refining capacity, fix state facilities and put an end to expensive fuel imports. The effort to address refining is ongoing; however, as more businesses enter the market, progress on these issues could make private sector involvement a crucial...

Automobile manufacturing is poised for accelerating growth over the medium term, as major carmakers like Nissan, PSA Group and Volkswagen move to revive, expand or build new manufacturing and assembly bases in-country. These firms and their domestic partners should reap the potential dividends of Nigeria’s large and growing automotive market,...