Nigeria Freight Transport Report 2016 - Business Monitor International - Industry Reports

Nigeria Freight Transport Report 2016

Nigeria Freight Transport Report 2016 - Business Monitor International - Industry Reports
Nigeria Freight Transport Report 2016
Published Nov 28, 2015
54 pages — Published Nov 28, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: We forecast strong growth across all freight modes in Nigeria in ---- and beyond. Increasing demand for consumer goods by an expanding middle class and manufacturing sector will raise intermodal container volumes. ...This is a marked slowdown on the -.- averaged over the five years to ----, reflecting the impact that the Q--- collapse in the oil price has had on the Nigerian economy. Oil has in recent years accounted for over -- of fiscal revenues and -- of exports, but with Brent crude set to average USD-- per barrel (/bbl) in ---- and USD--/bbl in ----, following a projected USD--/bbl in ----, Nigeria must adapt its economic model from the days when oil averaged well over USD---/bbl. Nigeria s current account balance will remain in deficit in ----, as exports will fail to recover from the ---- oil price collapse. ...Road freight is the dominant freight mode in Nigeria, accounting for as much as --.-- of the overall freight mix, with air and rail representing around -.-- each.

...President Muhammadu Buhari s All Progressives Congress performed well in Nigeria s gubernatorial elections earlier this year, winning -- of the -- states on offer. ...The results enhance Buhari s reform mandate and provide his party with control of governorships across the country, apart from the oil-producing south, which remains loyal to the PDP. South African lawmakers are concerned that the fine imposed by Nigerian authorities on South African telecoms firm MTN Group for its alleged violation of the country s laws, will negatively impact trade between the two states. The CMA CGM Group is set to invest nearly USD---mn in the development of the Lekki container terminal project in Nigeria. The upgrade of the terminal will raise the level for operators in the country and open up the Nigerian maritime sector for investments by foreign players. Moreover, once the Lekki terminal project is completed, additional employment opportunities will be generated, according to Denis

...Armed insurgencies in the oil-producing Nigerian Delta region, together with Muslim- Christian tensions in various parts of the country and the Boko Haram insurgency in the north east, may affect potential foreign investors, exports and growth. Irregular electric power supplies can affect industrial output and services, disrupting the freight business. ...Irregular electric power supplies can affect industrial output and services, disrupting the freight business. Delays over key appointments by President Buhari is worrying investors and underscore the difficulty he will face in delivering on his reform agenda promised during the election earlier this year. Niger Delta militancy could mean oil production remains under capacity, threatening export and therefore fiscal revenues, affecting the freight sector in the long term. ...

  
Source:
Document ID
1752-5977
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Nigeria Freight Transport Report 2016" Nov 28, 2015. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nigeria-Freight-Transport-Report-2016-2026-642>
  
APA:
Business Monitor International - Industry Reports. (2015). Nigeria Freight Transport Report 2016 Nov 28, 2015. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nigeria-Freight-Transport-Report-2016-2026-642>
  
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