As the economy expanded rapidly over the past decade, Nigeria’s national transport system became increasingly strained. The country’s road network, which moves 90% of goods and people, according to the Ministry of Transport (MoT), is largely in a state of disrepair and heavily congested. The rail network, meanwhile, is only partially operable due to...
With the natural gas extracted from underground coming in a gaseous state, it is somewhat amazing that much of what is produced by Nigeria has so far left the country in liquid form. Interesting, too, that the form of gas with which the local consumer is most likely to come into direct contact is also liquid, and comes in bottles. The former is...
Four years after the last deadly crash, Nigeria’s aviation is still reeling from twin disasters in June 2012 that have served as a wake-up call for the industry. Although Africa was the continent with the highest number of crashes (yet the lowest level of traffic) in 2010, the absence of fatal air crashes in Nigeria since 2008 seemed to indicate...
It has been a long pipeline – and Nigeria’s Petroleum Industry Bill (PIB) is not quite at the end of it yet. Just how long depends on definition. It was back in 2000 that Nigeria’s fledgling democratic government set up the Oil and Gas Reform Implementation Committee (OGIC) with a mandate to overhaul the country’s hydrocarbons legislation, replacing...
Having reaffirmed its intention to liberalise its inland waterways system as a means of easing overwhelming pressure, particularly from freight, on Nigeria’s creaking road infrastructure, the Ministry of Transport (MoT) will need to demonstrate more commitment than past administrations for private investors to respond in force. Though it has the...
Recent years have been full of swings for investors in Nigeria’s stock market, the continent’s third largest by capitalisation (after Johannesburg and Cairo). While investors welcomed what they saw in 2010 as a fleeting recovery in markets, 2011 was more challenging, on the back of sustained volatility in global markets and fallout from the 2008...
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