As the world’s fourth-largest producer of cocoa – a crop that may have greater importance on a global scale in the coming years due to a projected shortage – Nigeria has seen growing domestic yields in 2014, albeit at a smaller rate than expected. Cocoa farmers in the country face a number of challenges, including volatile weather, disease and pests, and export...
Rail transportation, much neglected for the past half decade, is in the midst of a revival as old lines and assets undergo modernisation and are put up for privatisation, and new infrastructure is concessioned through public-private partnerships (PPPs). Traffic volumes are set to increase with rail looking to secure a position as a key mover of goods and people, as dormant...
With the world’s seventh-largest population, which continues to grow rapidly from a base of 170m, agriculture is an exceptionally important element of Nigeria’s economy. After decades of declining production, trends have been moving in the opposite direction in the past several years as overall food supply rises. Guided by the Agricultural Transformation Agenda (ATA),...
With 170m people representing a massive domestic market, and a need to improve the supply stability of raw ingredients, Nigeria hopes that growth in agribusiness will help spur demand for the nation’s farmed output. From 2002 to 2012 sales in the food-processing sector doubled to nearly $20bn, according to a US government report, yet that number represents a market that...
Despite having the continent’s largest economy and population, and a location at the crossroads of West and Central Africa, Nigeria has yet to capture what some would argue is its rightful position as an aviation hub. As existing airports are overhauled and new terminals constructed, this will change. However, demand-side inhibitors, such as the lack of a national...
Upgrading and developing new transport infrastructure is essential to unlocking Nigeria’s undeniable growth potential. Without adequate infrastructure to move people and goods into and around the country, many of the attributes that make Nigeria a production and consumption base primed for sustained expansion could be negated. Given that state coffers are strained, and...
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