Nigeria Infrastructure Report - Business Monitor International - Industry Reports

Nigeria Infrastructure Report

Nigeria Infrastructure Report - Business Monitor International - Industry Reports
Nigeria Infrastructure Report
Published Aug 08, 2015
95 pages — Published Aug 08, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: The outlook for Nigeria s construction sector over ---- and ---- remains downbeat on the back of the fall in global oil prices; and lower government revenue, devaluation of the naira and associated inflationary pressures will restrict public and private investment in projects. The peaceful Nigerian elections offer opportunities for investors, but President Buhari needs to introduce reforms and tackle corruption to capitalise on it. ...Combined, public and private investment in the sector will be lower over ---- and ----. Over the long-term however, we expect Buhari to attempt to deal with the corruption which plague s Nigeria s infrastructure, power and oil and gas sectors; as well as continue the reforms and development plans implemented under Goodluck Jonathan. We also expect the major projects will continue to be supported by Chinese financiers and companies. The potential of Nigeria s infrastructure market has long been known, however a chronic lack of investment and the laborious business environment has limited its growth prospects. We highlight persistent risks hampering the implementation of major projects, ranging from deep-rooted corruption and violence perpetrated by militants to inefficient bureaucracy.

...After the rebasing of Nigeria s economy, it is the largest market in Africa and relies less on the oil industry for growth than previously understood, but rather on high-growth sectors such as services. We expect the non-residential building sector to be an important growth driver over the long-term, given the potential of the Nigerian consumer market, although we note macroeconomic headwinds will drag on this positive story in the short-term. ...After the rebasing of Nigeria s economy, it is the largest market in Africa and relies less on the oil industry for growth than previously understood, but rather on high-growth sectors such as services. We expect the non-residential building sector to be an important growth driver over the long-term, given the potential of the Nigerian consumer market, although we note macroeconomic headwinds will drag on this positive story in the short-term. The Nigerian housing market looks set to receive a major boost as the federal government launched the Nigeria Mortgage Refinance Company (NMRC), with a mandate to raise capital through the bond market to try tackle the housing deficit. ...Buhari is likely to focus on reforming the NNPC before trying to pass the PIB, which will further delay its implementation. When in place, the PIB should bring more regulatory certainty and could unlock billions of dollars in investment in the oil & gas industry.

...Given the country s high levels of corruption and bureaucratic inefficiency, many public sector construction projects have stalled or have had to be cancelled. The Nigerian construction industry needs tighter and enforceable building regulations and increased local materials output, especially in local cement capacity - although Dangote is expanding operations substantially. ...

  
Source:
Document ID
1750-5380
Country
Industry
Format:
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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 Infrastructure Report" Aug 08, 2015. Alacra Store. Aug 31, 2015. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nigeria-Infrastructure-Report-2026-598>
  
APA:
Business Monitor International - Industry Reports. (2015). Nigeria Infrastructure Report Aug 08, 2015. New York, NY: Alacra Store. Retrieved Aug 31, 2015 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nigeria-Infrastructure-Report-2026-598>
  
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