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...
Despite softening demand in a handful of segments due to exogenous factors, activity in Nigeria’s construction industry is expected to continue to grow for the foreseeable future. Major demand drivers include rapid population growth, high levels of government investment in infrastructure and steadily increasing urbanisation, among others. In the...
One key challenge to the development of a vibrant local IT sector in any emerging market is the difficulty small and medium-sized enterprises (SMEs) face in attracting capital, hiring staff and accessing research, and Nigeria is no different in this regard. As in most West African economies, interest rates for commercial loans are well into double...
The construction materials segment in Nigeria has expanded dramatically in recent years, primarily as a result of local manufacturers ramping up production in an effort to supply rising construction demand. Large investments have flowed into the cement, steel, aluminium, paint and equipment industries, among other segments. Despite steadily...
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...
Nigeria has a well-established track record as the world’s 12th-largest producer of oil and the leading producer in Africa, according to the BP “Statistical Review of World Energy 2013”. Yet as the country’s proven reserves of both oil and gas start to decline, the imperative is to clarify the industry’s long-term legal and fiscal outlooks to...
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