The country is facing a substantial capacity deficit when it comes to meeting the current and predicted demand for cargo volumes. This is set to change with the construction of two new greenfield ports in and around Lagos, in combination with a selection of both ambitious and smaller-scale projects serving the south-east part of the country.
Transport
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Articles & Analysis | Projects to boost port capacity and address bureaucratic bottlenecks in Nigeria's transport sector from The Report: Nigeria 2015
Articles & Analysis | Liberalisation of Nigeria's transport sector set to enhance connectivity from The Report: Nigeria 2015
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...
Upgrading and developing new transport infrastructure is essential to unlocking Nigeria’s undeniable growth potential. Given that state coffers are strained, and multiple sectors are competing for funding, the government is looking to reduce public control of its transport network and hand over development, management and maintenance responsibilities to the private sector. The port concessions...
Fresh from a rebasing exercise in April 2014 that boosted 2013 GDP by 89% to $509.97bn, Nigeria now ranks not only as Africa’s most populous country, but also as its largest economy. It has long played an outsized regional role, making up 76% of West Africa’s GDP and around 60% of its population.
In line with plans to make the Kingdom a regional centre for logistics and trade, the 2014 budget put $17.76bn towards transport and infrastructure, the third-highest allocation. Plans for upgrades across all elements of the transport network including ports along the Red Sea and a national rail network will help to position Saudi Arabia as a base for logistics operations in the region,...
Further progress has been made in plans to build the Gulf region’s rail network, with Saudi Arabia looking to closely align the project with its economic and social priorities.