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Analysis

Demand for refined petroleum products pushes capacity expansion in Nigeria's energy sector
OBG
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Given the scale of demand for petroleum products in both Nigeria and the broader ECOWAS region, the country stands to gain significant export revenues if it increases downstream production. Nigeria’s four refineries, though they raised their capacity utilisation rate somewhat in 2014, remain low at around the 30% mark overall, despite being allocated their full capacity of 445,000 barrels per day…

Analysis

New projects under way in Nigeria to increase gas production, ease transmission and meet demand using more local resources
OBG
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With one of the world’s most comprehensive privatisation efforts taking place in Nigeria’s electricity sector, the problem of ensuring adequate natural gas supply for power generation has taken centre stage. Although natural gas production has steadily increased in recent years in line with domestic supply obligations and the broad road map of the Gas Master Plan (GMP), development of the required…

Analysis

The government is looking to expand the role of domestic players in the industry
OBG
plus

Four years after the passage of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in April 2010, the results are clearly visible. In terms of in-country spend, the changes have been especially dramatic, although there is still ample room for Nigerian firms to expand in services, fabrication and integration particularly. The pace of local content expansion may accelerate yet further…

Analysis

Privatisation of power generation assets in Nigeria
OBG
plus

The effort to privatise Nigeria’s electricity sector is far from new – it was discussed as early as the late 1990s and the basics were outlined in the 2001 National Electric Power Policy. The spate of policies rolled out over the past two decades came from different administrations, but share a belief that a healthy national power system – one able to meet domestic needs – is unlikely as long…

Analysis

Nigeria's plans to make hydro-electric and solar key power sources
OBG
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Though the focus for power in Nigeria is on leveraging the country’s considerable gas reserves, there is also a master plan and contribution targets for renewable sources. The plan aims to attract investment in a range of related activities beyond building and running power plants, including equipment manufacturing, feasibility studies and capacity building. For now, Nigeria remains more prospective…

Analysis

Air transport in Nigeria has significant potential for expansion
OBG
plus

Despite having the continent’s largest economy and population, and a location at the crossroads of West and Central Africa, Nigeria has yet to capture what some would argue is its rightful position as an aviation hub. As existing airports are overhauled and new terminals constructed, this will change. However, demand-side inhibitors, such as the lack of a national carrier, high airline fees and limited…

Analysis

Projects to boost port capacity and address bureaucratic bottlenecks in Nigeria's transport sector
OBG
plus

The country is facing a substantial capacity deficit when it comes to meeting the current and predicted demand for cargo volumes. This is set to change with the construction of two new greenfield ports in and around Lagos, in combination with a selection of both ambitious and smaller-scale projects serving the south-east part of the country. As competition to establish regional leadership for port…

Analysis

Reviving Nigeria's rail network through public-private partnerships
OBG
plus

Rail transportation, much neglected for the past half decade, is in the midst of a revival as old lines and assets undergo modernisation and are put up for privatisation, and new infrastructure is concessioned through public-private partnerships (PPPs). Traffic volumes are set to increase with rail looking to secure a position as a key mover of goods and people, as dormant services start up again and…

Analysis

Value-added production the next step for Nigeria's agriculture market
OBG
plus

With 170m people representing a massive domestic market, and a need to improve the supply stability of raw ingredients, Nigeria hopes that growth in agribusiness will help spur demand for the nation’s farmed output. From 2002 to 2012 sales in the food-processing sector doubled to nearly $20bn, according to a US government report, yet that number represents a market that is in its infancy. Talk of…

Analysis

Agricultural yields in Nigeria rise as global cocoa prices slip
OBG
plus

As the world’s fourth-largest producer of cocoa – a crop that may have greater importance on a global scale in the coming years due to a projected shortage – Nigeria has seen growing domestic yields in 2014, albeit at a smaller rate than expected. Cocoa farmers in the country face a number of challenges, including volatile weather, disease and pests, and export difficulties, while processing…