In spite of the country’s traditional reliance on hydrocarbons, Nigeria’s industrial sector is diversified and growing, ranging from food and beverages to building materials, and catering to a market of over 170m people. After a decades-long slump in manufacturing output, triggered by the scaling up of oil production in the 1970s, the country is working to reverse the...
Thanks to a new policy on automobile imports and key foreign investment, passenger cars are being produced in Nigeria for the first time in decades, and could lead to a domestic automotive assembly industry in the country. While a small trickle of commercial vehicles have been assembled in Nigeria in recent years by local manufacturers such as Innoson Group, the first-to...
When making investment decisions, mining companies take a wide array of variables into account, including everything from regulatory policies and political stability, to resource size and accessibility. As geologic factors such as the grade or depth of resources are relatively constant, governments have a more limited toolbox when it comes to...
Progress on commoditising the Philippines’ vast mineral potential is proceeding at a painstaking pace, with a few successful mine openings in 2014 driving modest growth in the sector. Although overall output and revenue are being sustained by existing operations, new investment continues to lag, as mining companies wait out the finalisation of...
In 2013, the Department of Trade and Industry (DTI) was allocated P2.3bn ($51.8m) from the Department of Budget and Management towards its manufacturing resurgence programme. The programme will support the implementation of a number of industry road maps that have been formulated by the Board of Investments (BOI) with input from technical...
Prior to the business process outsourcing (BPO) boom that took hold in the early 2000s, the semiconductor and electronics industry had served as the country’s main economic growth driver for nearly four decades. At its peak earnings in 2010, with export receipts of $31.44bn, it accounted for 61% of exports, a ratio that by 2013 had dropped to...
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