Rapid population growth, steadily increasing urbanisation and rising incomes – particularly among the middle class – have fuelled steady expansion in Nigeria’s real estate sector over the past decade, and are expected to continue to drive growth in the industry for the foreseeable future. While most segments have seen rising levels of investment in...
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...
Over the past decade Nigeria’s ICT industry has grown to become one of the largest and most dynamic in Africa. According to the Nigerian Communications Commission (NCC), which regulates the telecoms sector, at the end of the second quarter of 2012 total mobile internet subscribers topped 30.9m, accounting for the majority of the country’s 48.4m...
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...
Driven by rising incomes and steadily increasing consumer sophistication, Nigeria’s retail real estate market is poised for considerable expansion over the course of the coming decade. While the country’s formal retail sector is still in its infancy, the potential for future growth is clear, given the large size of its 170m-strong consumer market...
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