Infrastructure deficits are a problem that has become increasingly common in frontier and emerging markets, and addressing the issue through public-private partnership (PPP) investment deals is a common prescription. Indeed, infrastructure drives based on PPPs are increasingly the preferred method for governments looking to minimise the fiscal...
Nigeria has a well-established track record as the world’s 12th-largest producer of oil and the leading producer in Africa, according to the BP “Statistical Review of World Energy 2013”. Yet as the country’s proven reserves of both oil and gas start to decline, the imperative is to clarify the industry’s long-term legal and fiscal outlooks to...
The Federal Ministry of Agriculture (FMARD) released a mid-term report evaluating its Agricultural Transformation Action Plan (ATAP) in May 2013. It aimed for a paradigm shift, in which the logic of the private sector would be applied to a traditionally public sector, and claimed that the result would be more jobs, more food and a better future for...
Private sector consumption is widely considered the single largest growth driver in the development of ICT in sub-Saharan Africa. ICT uptake among multinationals and recently established local small and medium-sized enterprises (SMEs) alike has proceeded at a much faster rate than among federal, state and local government entities in recent years. “...
As manufacturers scour the globe for new growth opportunities, few markets offer greater long-term potential than Nigeria, which boasts an enormous domestic population, plentiful feedstock and limited market penetration. Current business conditions, however, including sky-high operating costs and cheap unregulated imports, make it difficult for...
Following over a decade’s debate on 17 drafts of the long-awaited Petroleum Industry Bill (PIB), authorities hope to enact the reform by year-end 2013. With debate shifting from the federal executive branch to parliament, and the 2015 elections fast approaching, time is of the essence. Despite opposition from international oil companies (IOCs) due...
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