New Market Research Report: Nigeria Infrastructure Report Q1 2015

From: Fast Market Research, Inc.
Published: Tue Nov 25 2014

In our view Nigeria represents a high reward market, now the largest in Africa, and has an impressive growth trajectory over our 10-year forecast period which sees construction industry real growth averaging 12%. Improving power supply and transport links will also be a driver of growth, but the infrastructure sector is more exposed to the numerous risks in Nigeria's business environment.

The potential of Nigeria's infrastructure market has long been known, however a chronic lack of investment and the countries laborious business environment has limited its growth prospects. Now reforms and development plans implemented under President Goodluck Jonathan, although slow to get off the ground. are beginning to attract the investment the sector needs; the sell-off of the state-run Power Holding Company of Nigeria is virtually complete and increasing numbers of transport Public Private Partnerships (PPPs) are emerging in the market.

Full Report Details at

Over 2014 we have seen a large increase in insecurity within Nigeria, especially in the North of the country, and we also expect higher political risk in the run up to the 2015 presidential elections. These factors present downside risk to our short-term outlook, but we believe Nigeria's impressive fundamentals will keep growth elevated over our 10-year forecast period. We also continue to highlight persistent risks hampering the implementation of major projects, ranging from deep-rooted corruption and violence perpetrated by militants to inefficient bureaucracy.

Key Trends And Developments

* After the rebasing of Nigeria's economy it now represents 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 manufacturing and services.
* The outlook for oil prices generally and for West African Bonny Light in particular, has clouded the extent to which the oil sector, which is the main source of fiscal and external account...

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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