Nigeria’s industrial sector is expected to grow considerably over the course of the coming decade, largely as a result of Vision 20:2020, the state’s overarching long-term economic development blueprint. Under the plan, which was introduced in 2010, the government aims to expand the industrial sector’s contribution to GDP from its current 4-5% to at...
In 1992 a movie about the occult titled Living in Bondage was released on video and became the first major success of the Nigerian film industry. Since then, Nigerian cinema has taken off, as filmmakers have developed innovative methods of making motion pictures. This has especially been the case in recent years, as digital cameras...
Overall strong economic growth in Nigeria has driven expansion of the real estate sector, which is expected to continue on its upward trend in coming years in line with the country’s rising GDP. The residential and retail segments in particular are set to grow due to rising consumer demand from Nigeria’s increasing population. However, whilst its...
West Africa is the new frontier for international hotel chains, and, as home to over half the region’s population, Nigeria is right at the centre of this trend. While the industry has long been dominated by a small number of large business hotels, the past few years have seen a significant increase in international hotel brands, particularly in...
It is difficult to travel around Nigeria without noting the sheer volume of advertising space, on billboards, over the airwaves and in print publications. Glossy magazine ads target consumer products for high-end clients, while billboards promote mobile networks. However, Nigeria has felt the effects of the global economic downturn with some of the...
The foreigners are here, and they appear willing to stay. With the Nigerian press reporting in August 2012 that a record $1.3bn in foreign investment had come into the retail sector over the preceding two years, outsiders are playing an ever greater part in an industry that – according to international consultancy Accenture – accounts for 19% of...
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