Fresh from a rebasing exercise in April 2014 that boosted 2013 GDP by 89% to $509.97bn, Nigeria now ranks not only as Africa’s most populous country, but also as its largest economy. It has long played an outsized regional role, making up 76% of West Africa’s GDP and around 60% of its population.
Continuing the shift away from state dominance in infrastructure development that began with the power privatisation initiative, a drive to boost the private sector role in several of Nigeria’s big-ticket transport projects looks set to open doors for investors.
The current infrastructure drive under way in Nigeria includes both upgrades and expansions to the country’s existing airports. Beyond the need to keep up with demand for passenger travel and cargo services, Nigeria has several specific goals in mind for its aviation sector: boosting government revenue from its facilities, providing easier access to...
What are the priorities for stakeholder management in infrastructure development projects?
Rehabilitating Nigeria’s railways is a key element in the country’s overall vision to turn its transportation infrastructure from an obstacle into an opportunity. Whilst railroad services never completely disappeared in the country, the more than five decades since independence have been mostly characterised by a slow decline in capacity, as...
It is perhaps unsurprising that Nigeria’s transportation problem is most acute in Lagos, the country’s largest city with a population that is estimated to range from anywhere between 10m and 17m people. The transportation challenge is one of the top priorities for the city and for the state of Lagos, which governs an area that includes the city...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×