With a population of some 160m, Nigeria has one of the most active media sectors of any emerging market. Excluding satellite networks, 147 television stations and 100 radio stations fill the country’s airwaves, according to the National Broadcasting Commission (NBC), the industry regulator. There is also a sizeable print media, as more than 100...
Buoyed by demographic and economic growth, Nigeria’s construction sector has the potential to become the largest and most competitive on the continent. In all areas of the sector, from basic infrastructure to privately developed real estate, pressure from demand is rising. This has already attracted several players to the market, and the number of...
With a large population that avidly seeks out the latest technologies and a mobile market that now has close to 100m active subscribers, the telecoms sector has had little difficulty attracting foreign interest and investment. The mobile segment, which remains the sector’s main driver for growth, has four GSM operators, the majority of which are...
Self-sufficiency is the over-arching theme of the action plan to revitalise the agricultural sector. Raising import tariffs on key staples such as rice and wheat is designed to boost domestic investment and production. Nigerian farmers and producers used to play an important role on the global stage, and Abuja hopes its new plan will put the sector...
With its large population, its GDP still showing growth in the high-single digits in a recession-haunted world and its vast if underexploited natural resources, Nigeria is an attractive but challenging market for industrial firms. The sector is still quite small overall, accounting for less than 1% of GDP. Some fields are expanding rapidly, while...
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