With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
Aerial passenger traffic has risen dramatically since 2007, when 8.5m people took to the Nigerian skies. In 2011 the figure was 14.6m — a 72% increase in four years. Of those, 12m flew on domestic flights, underscoring the key role of the country’s carriers.
As the economy expanded rapidly over the past decade, Nigeria’s national transport system became increasingly strained. The country’s road network, which moves 90% of goods and people, according to the Ministry of Transport (MoT), is largely in a state of disrepair and heavily congested. The rail network, meanwhile, is only partially operable due to...
Four years after the last deadly crash, Nigeria’s aviation is still reeling from twin disasters in June 2012 that have served as a wake-up call for the industry. Although Africa was the continent with the highest number of crashes (yet the lowest level of traffic) in 2010, the absence of fatal air crashes in Nigeria since 2008 seemed to indicate...
Having reaffirmed its intention to liberalise its inland waterways system as a means of easing overwhelming pressure, particularly from freight, on Nigeria’s creaking road infrastructure, the Ministry of Transport (MoT) will need to demonstrate more commitment than past administrations for private investors to respond in force. Though it has the...
To what extent has the public-private partnership (PPP) model been successfully used to develop infrastructure in Nigeria and West Africa?
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