More Filters
There were 1480 results found for:

All Regions and All Sectors

Analysis

Nigeria enhances transport connectivity by establishing links between urban areas, and manufacturing and agriculture regions
OBG
plus

Accounting for the majority of passenger and freight movements, Nigeria’s road network plays a critical role in domestic transport and international trade, although the bulk of its network remains in poor condition and unpaved, a challenge exacerbated by rising traffic volumes. Chronic congestion has had major economic ramifications for the country. The government is taking bold steps to…

Analysis

Efforts ongoing to boost private sector investment and leverage bilateral partnerships in Abuja, Nigeria
OBG
plus

Following prolonged population growth, infrastructure networks in the Federal Capital Territory (FCT) are facing unprecedented demand. A series of new and ongoing works are set to expand the network, and the proposed 2018 budget of the FCT Administration (FCTA) focuses much of its expenditure on infrastructure and transport projects. Nevertheless, public spending is set to fall short of rapidly…

Analysis

Agriculture exports in Nigeria increase
OBG
plus

The federal government of Nigeria has prioritised agricultural development under its Economic Recovery and Growth Plan, which seeks to create new jobs in labour-intensive sectors including agriculture, boost agriculture’s GDP contribution to more than 8% by 2020, up from current levels of between 3% and 4% annually, and make the country a net exporter of key crops including rice, cashew,…

Analysis

Nigerian demand for rice imports drives focus on domestic underproduction
OBG
plus

The UN Food and Agriculture Organisation (FAO) reports that Nigeria is Africa’s leading rice consumer and one of its largest rice producers. It describes rice as an “essential” cash crop for Nigeria, with small-scale farmers accounting for 80% of production but just 20% of consumption. Shifting consumption trends have seen domestic rice demand rise in recent years, with Bloomberg reporting…

Overview

As global urban populations undergo rapid growth, planners strive to create more efficient spaces
OBG
plus

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will…

Overview

Employment rates in Nigeria improved through education sector
OBG
plus

Although priorities vary when it comes to economic development, the increasing need for skilled labour is both a cause of and a requirement for accelerated growth across markets. This demand for technical specialists is often most concentrated in the sectors that are vital to economic advancement, including infrastructure, oil and gas exploration and extraction, and value-add processes for…

Overview

Fintech solutions drive the global evolution of the banking industry
OBG
plus

Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of consumers, investors have quickly come to recognise its…

Overview

Nigerian investors focus on growing mining sector
OBG
plus

Although the oil and gas sector has driven economic growth in recent decades, Nigerian mining offers considerable potential gains. Home to abundant, untapped reserves, and increasingly the focus of pro-business policies, the sector is poised for robust near- and midterm growth as investors move to capitalise on opportunities in iron ore, gold, zinc and lead, among others. Supported by a host of incentives,…

Overview

Chris McAllister, Managing Director, British American Tobacco Nigeria and West Africa; Ben Langat, Managing Director, FrieslandCampina WAMCO Nigeria; and Yaw Nsarkoh, Executive Vice-president Ghana and Nigeria, Unilever : Interview
OBG
plus

Interview : Chris McAllister,Ben Langat &Yaw Nsarkoh What are some of the main infrastructure challenges that fast-moving consumer goods (FMCG) companies face in Nigeria? CHRIS MCALLISTER: Energy provision is a huge burden on local manufacturers. The absence of reliable grid power is a major constraint on the cost competitiveness of Nigerian products in both the domestic and export…

Overview

Nigeria expands utilities access with international support and regulatory measures
OBG
plus

Access to power remains one of Nigeria’s chief economic and social issues: according to Babatunde Fashola, minister of power, works and housing, about 90m citizens lack access to electricity, while World Bank data estimates per capita usage is lower in just eight other countries. As the biggest domestic market in Africa, the country has great potential for manufacturing, but most investment in the…