Given the scale of demand for petroleum products in both Nigeria and the broader ECOWAS region, the country stands to gain significant export revenues if it increases downstream production. Nigeria’s four refineries, though they raised their capacity utilisation rate somewhat in 2014, remain low at around the 30% mark overall, despite being allocated their full capacity...
With one of the world’s most comprehensive privatisation efforts taking place in Nigeria’s electricity sector, the problem of ensuring adequate natural gas supply for power generation has taken centre stage. Although natural gas production has steadily increased in recent years in line with domestic supply obligations and the broad road map of the Gas Master Plan (GMP),...
Still Africa’s largest oil producer, with an industry that in past decades has fuelled the growth of what is now its largest economy, Nigeria has the most voluminous reserves remaining on the continent. Yet it faces steep challenges, from policy uncertainty amid looming legislative reform to output disruptions due to unrest in the Niger Delta, the heart of its producing...
Four years after the passage of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in April 2010, the results are clearly visible. In terms of in-country spend, the changes have been especially dramatic, although there is still ample room for Nigerian firms to expand in services, fabrication and integration particularly. The pace of local content...
Despite underinvestment due to the country’s civil unrest, Côte d’Ivoire’s power infrastructure is well developed by regional standards and is of strategic importance to several nearby countries. The country’s first cross-border connection was established in 1994 with its eastern neighbour Ghana. While exchanges between the two nations have been...
Economic growth of 8.8% in 2013, an estimate of around 9% for 2014 and a forecast of nearly 8% for 2015 are all testaments to the robust recovery under way in Côte d’Ivoire. However, this success has also brought deficiencies in energy supplies to the fore. Rising household consumption and industrial activity has seen demand for power grow by an...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×