Nigeria Infrastructure Report - Business Monitor International - Industry Reports

Nigeria Infrastructure Report

Nigeria Infrastructure Report - Business Monitor International - Industry Reports
Nigeria Infrastructure Report
Published May 09, 2015
92 pages — Published May 09, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: Despite the peaceful passing of the Nigerian election, we remain cautious in our forecasts for real growth in the Nigerian construction sector over ---- and ----. Our forecasts stand at -- and -.-- for ---- and ---- respectively, with growth averaging --.- over our ---year forecast period to ----. ...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 President Goodluck Jonathan. Furthermore, we 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.

...The Nigerian housing market looks set to receive a major shot in the arm as the federal government launched the Nigeria Mortgage Refinance Company (NMRC), with a mandate to raise capital through the bond market in a bid to tackle the country s housing deficit. We expect legislation under consideration to pave the way for private sector investment into transport infrastructure, making projects like the second bridge over the Niger River, a bellwether PPP, more common. ...The Nigerian housing market looks set to receive a major shot in the arm as the federal government launched the Nigeria Mortgage Refinance Company (NMRC), with a mandate to raise capital through the bond market in a bid to tackle the country s housing deficit. We expect legislation under consideration to pave the way for private sector investment into transport infrastructure, making projects like the second bridge over the Niger River, a bellwether PPP, more common. The Petroleum Industry Bill (PIB) remains of importance for the infrastructure sector s long-term outlook. We note 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 country s 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 its 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" May 09, 2015. Alacra Store. Aug 05, 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 May 09, 2015. New York, NY: Alacra Store. Retrieved Aug 05, 2015 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nigeria-Infrastructure-Report-2026-598>
  
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