Nigeria Power Report - Business Monitor International - Industry Reports

Nigeria Power Report

Nigeria Power Report - Business Monitor International - Industry Reports
Nigeria Power Report
Published Sep 24, 2016
69 pages — Published Sep 24, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

This list of broader economic challenges facing Nigeria has compounded our negative outlook for the domestic power sector and - when economic challenges are viewed in conjunction with sector-specific risks - there is limited upside to our forecast. Companies in the Nigerian power sector will continue to be hit by oil and gas pipeline sabotage, an inability to access the foreign exchange needed to buy equipment and a lack of liquidity in the distribution segment. ...This list of broader economic challenges facing Nigeria has compounded our negative outlook for the domestic power sector and - when economic challenges are viewed in conjunction with sector-specific risks - there is limited upside to our forecast. Companies in the Nigerian power sector will continue to be hit by oil and gas pipeline sabotage, an inability to access the foreign exchange needed to buy equipment and a lack of liquidity in the distribution segment. We maintained our conservative power generation and capacity forecast in light of severe disruptions to gas supply to power plants - amid continued violence and attacks on pipeline infrastructure in the Niger Delta. ...The projects will have a combined capacity of more - gigawatt (GW) - although we will not include them in our forecast until we see signs of project realisation. In August ----, the Nigerian government terminated its contract with Canadian firm Manitoba Hydro International, which had been managing the state-owned Transmission Company of Nigeria (TCN) since ----.Management of TCN has been taken back into government hands.

...Our Country Risk (CR) team is now forecasting that Nigeria is recession-bound in ---- and that economic growth will contract by -.- for full year ----, based on economic data for the first half of ----. Our CR team believes that the economy bottomed out in the second quarter but any rebound in growth will be limited as Nigeria contends with a series of controversial monetary and fiscal policy developments, declining oil production, delays to the implementation of an expansionary ---- budget and a huge fall in investment inflows. ...Our Country Risk (CR) team is now forecasting that Nigeria is recession-bound in ---- and that economic growth will contract by -.- for full year ----, based on economic data for the first half of ----. Our CR team believes that the economy bottomed out in the second quarter but any rebound in growth will be limited as Nigeria contends with a series of controversial monetary and fiscal policy developments, declining oil production, delays to the implementation of an expansionary ---- budget and a huge fall in investment inflows. This list of broader economic challenges has done little to lift our outlook for the domestic power sector and - when they are viewed in conjunction with sector-specific risks across the power sector supply chain - there is limited upside to our forecast. ...This list of broader economic challenges has done little to lift our outlook for the domestic power sector and - when they are viewed in conjunction with sector-specific risks across the power sector supply chain - there is limited upside to our forecast. To this end, companies operating in the Nigerian power sector have been hit by a combination of oil and gas pipeline sabotage, an inability to access the foreign exchange needed to buy equipment and a lack of liquidity in the distribution segment.

...BMI View: We have maintained our moribund forecast for growth in electricity generation and capacity this quarter, amid a bleak economic outlook, ongoing disruptions to gas supplies from the Niger Delta and naira weakness. Our view is Nigeria is set to undergo a painful multi-year adjustment to lower oil prices has significant implications for investment in the power sector and compounds our negative outlook for capacity expansion - with private players likely to delay or cancel investment in the power sector until the economy stabilises. ...

  
Source:
Document ID
2044-5687
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 Power Report" Sep 24, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nigeria-Power-Report-2026-1467>
  
APA:
Business Monitor International - Industry Reports. (2016). Nigeria Power Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nigeria-Power-Report-2026-1467>
  
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