Major developments in recent years – including the fall in global oil prices and the floating of the naira – have catalysed renewed focus on strengthening the Nigerian economy. Including accelerating diversification efforts, capitalising on the country’s large population and promoting growth in the private sector.
- Banking: Borrowing on the rise – Efforts to increase banking inclusion and lending to small and medium-sized enterprises are paying off.
- Energy: Responding to change – Lower oil prices have had an impact on the energy sector over the last two years and efforts to improve efficiency are ongoing.
- Transport: Bringing in supplies – Economic growth and increasing prosperity have resulted in higher imports for Nigeria, with containerised trade driven primarily by incoming goods.
- Industry: Room to grow – Manufacturing in Nigeria has seen solid growth in recent years, with activity in a range of key segments including cement, automibiles and fast-moving consumer goods.
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