Nigeria Articles & Analysis

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What opportunities are likely to arise within the post-recession housing sector?

 

After a boom period marked by high oil prices and double-digit growth, Nigeria’s real estate sector was significantly impacted by the country’s economic downturn, with growth dropping off in 2015 and 2016, and remaining subdued in 2017 and early 2018. With some high-end office and residential projects stalled, developers are increasingly...

 

Although it has faced several challenging years, with rapid currency depreciation and a macroeconomic slowdown weighing on profitability, Nigeria’s ICT sector remains a critical non-oil growth driver and major contributor to the economy, supported by a sizeable young population and the rapid adoption of mobile internet services. Dominated by...

 

In an effort to boost non-oil growth and job creation, the government of Nigeria rolled out a new three-year ICT development agenda emphasising domestic industry and local content. The new policy is expected to reduce high levels of ICT imports, with rapid currency depreciation offering the country a new opportunity to foster domestic ICT...

 

Nigeria’s IT sector holds considerable potential to support both macroeconomic and non-oil growth, supported by a large population of almost 200m citizens, high levels of mobile penetration, and rapid uptake of mobile internet services. Long-term development strategies have highlighted high-speed broadband internet access as an important...

 

Blockchain – the distributed-ledger technology that underpins cryptocurrencies such as Bitcoin – appears set to transform a wide variety of industries and perhaps fundamentally change the way business is conducted across the globe. While the technology is still taking off and its potential is not fully known, many emerging markets are hoping...