Given the expansion plans at both Abidjan and Tema ports in nearby Côte d’Ivoire and Ghana, the rollout of several new public-private partnership (PPP) facilities offers vital potential to significantly improve operations at Nigeria’s ports. Indeed, the picture in recent years is one of improving infrastructure and port capacity. “Soft...
As anyone who has spent time in a Lagos go-slow will attest, transportation can be a complicated issue in Nigeria. Underinvestment has led to a shortage of capacity for a country of nearly 170m people, and as GDP growth continues to surpass 7%, the resulting increase in both consumption and production means there is sizeable scope for investment in...
Infrastructure deficits are a problem that has become increasingly common in frontier and emerging markets, and addressing the issue through public-private partnership (PPP) investment deals is a common prescription. Indeed, infrastructure drives based on PPPs are increasingly the preferred method for governments looking to minimise the fiscal...
As the single most populous nation in Africa, Nigeria recently overtook South Africa as the largest economy on the continent. Natural resources, oil and gas in particular, comprise the country’s single largest revenue-earner but the 170m person economy also has seen significant activity in recent years into the industrial, financial, telecoms and – as of 2013 – power sectors.
With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
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×