Although transport networks have historically been underfunded, the government is prioritising their development, as enhanced connectivity is key to supporting growth in non-oil sectors. Demand for transport is set to rebound in the second half of 2021 as the economy reopens and the African Continental Free Trade Area is in force. The most significant gains in the coming years are expected in...
Nigeria Transport
Chapter | Transport and Logistics from The Report: Nigeria 2022
With a population of over 200m, Nigeria is a large and diversified economy, despite the government’s reliance on oil and gas revenue. While the Covid-19 pandemic and subsequent oil price crash caused a contraction in economic growth in 2020, it also led to rapid digitalisation across commerce, education and communication. This shift is expected to put Nigeria in a favourable position for recovery in the medium term.
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Articles & Analysis | Nigeria joins regional agreements to boost trade from The Report: Nigeria 2022
Nigeria has prioritised improving its business climate in recent years, with an emphasis on developing its logistics and trade facilities. These efforts have paid off, with the country having the 10th-most improved ranking in the 2020 edition of the World Bank’s ease of doing business index. Improving 15 places from 2019, Nigeria’s overall score placed it 131st out of 190...
Articles & Analysis | Multi-modal transport links to boost Nigeria’s competitiveness from The Report: Nigeria 2022
Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the fourth quarter of 2020, down from 2....
Interviews & Viewpoints | Emmanuel Ezenwere, CEO and Founder, Arone: Interview from The Report: Nigeria 2022
With a population of over 200m, Nigeria is a large and diversified economy, despite the government’s reliance on oil and gas revenue. While the Covid-19 pandemic and subsequent oil price crash caused a contraction in economic growth in 2020, it also led to rapid digitalisation across commerce, education and communication. This shift is expected to put Nigeria in a favourable position for recovery in the medium term.
Economic update | How digitalisation is shaking up logistics and freight services in Nigeria
24 Sep 2019
After raising $30m in a recent round of financing, a Nigerian start-up is looking to revolutionise the country’s transport and logistics sector.
Articles & Analysis | Continent-wide agreement to support growing Nigerian aviation industry from The Report: Nigeria 2019
With investment in new airport infrastructure ongoing, the government is undertaking a series of policy and regulatory reforms aimed at improving aviation operations and following international best practice. Chief among these is a recent move to join the Single African Air Transport Market (SAATM), an agreement among 23 African nations to...