With its large population, its GDP still showing growth in the high-single digits in a recession-haunted world and its vast if underexploited natural resources, Nigeria is an attractive but challenging market for industrial firms. The sector is still quite small overall, accounting for less than 1% of GDP. Some fields are expanding rapidly, while...
What are some of the effects you anticipate an environmental protection act (EPA) would have on the country’s production capacity?
Nigeria’s industrial sector is expected to grow considerably over the course of the coming decade, largely as a result of Vision 20:2020, the state’s overarching long-term economic development blueprint. Under the plan, which was introduced in 2010, the government aims to expand the industrial sector’s contribution to GDP from its current 4-5% to at...
The foreigners are here, and they appear willing to stay. With the Nigerian press reporting in August 2012 that a record $1.3bn in foreign investment had come into the retail sector over the preceding two years, outsiders are playing an ever greater part in an industry that – according to international consultancy Accenture – accounts for 19% of...
It is not Africa’s biggest market, but it is promising. According to Russian investment bank Renaissance Capital, Nigerian beer consumption in 2011 totalled around 19.5m hectolitres. At around 12 litres per head, that is a lot lower than the global average of 27 litres, and far below South African levels of 63 litres. But growth has been brisk:...
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