Nigeria Infrastructure Report - Business Monitor International - Industry Reports

Nigeria Infrastructure Report

Nigeria Infrastructure Report - Business Monitor International - Industry Reports
Nigeria Infrastructure Report
Published Jun 18, 2016
75 pages — Published Jun 18, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We forecast just -.- y-o-y real growth in Nigeria s construction sector over ----, based on the dire state of the wider economy and the lack of liquidity in the banking sector causing projects to grind to a halt. ---- will see stronger growth forecast at - as the economy settles and a pickup in Chinese financing, following the agreement of a USD-bn credit line. ...The ---- federal budget also had a large focus on transport, although we note government financed projects are more susceptible to delays. � The residential and non-residential building sector has been hardest hit by the economic turmoil and in ---- we now forecast negative growth of --.- y-o-y, as investment in the economy grinds to a halt due to capital controls limiting access to dollars and banks suffering from exposure to the struggling oil sector. The ---- federal budget also had a large focus on transport, although we note government financed projects are more susceptible to delays. ...� The residential and non-residential building sector has been hardest hit by the economic turmoil and in ---- we now forecast negative growth of --.- y-o-y, as investment in the economy grinds to a halt due to capital controls limiting access to dollars and banks suffering from exposure to the struggling oil sector.

...After a very poor Q--- for the construction sector, with real growth registering --.- y-o-y, we have drastically lowered our forecast for full year ----. We believe the sector will avoid recession, but only just, forecasting -.- y-o-y real growth. ...A deal with China will provide some respite for the construction sector and represents our belief that China will continue to increase its presence in the market. Around USD-bn in loans has been secured by the Nigerian government and will be directed towards specific infrastructure projects - although we note this will be of little benefit to Nigerian firms, with Chinese companies likely to take lead roles. The government s ---- federal budget is hugely expansionary, with over NGN---bn allocated to capital expenditure in the infrastructure sector. ...The government s ---- federal budget is hugely expansionary, with over NGN---bn allocated to capital expenditure in the infrastructure sector. The government will struggle to meet its spending targets as revenues remain under pressure throughout the year even with a mild increase expected in oil prices.

...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:
PDF Adobe Acrobat
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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" Jun 18, 2016. Alacra Store. Aug 24, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nigeria-Infrastructure-Report-2026-598>
  
APA:
Business Monitor International - Industry Reports. (2016). Nigeria Infrastructure Report Jun 18, 2016. New York, NY: Alacra Store. Retrieved Aug 24, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nigeria-Infrastructure-Report-2026-598>
  
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