The Nigerian landscape holds over 30 types of solid minerals in an identified 450 locations. Deposits span gemstones, metallic ores, energy minerals and construction materials, such as granite. While the mining sector was a mainstay of the economy up until the late 1960s, the focus on oil from that point on has seen the mining’s share of GDP fall to 0.5% in 2019. To diversify economic activity and…
Interview: Jean-Marc Ricca In what ways has the Covid-19 pandemic affected industry and consumers in Nigeria? JEAN-MARC RICCA: The economy was already under pressure before the Covid-19 pandemic due to subdued growth, low oil prices and currency issues; and the health crisis exacerbated these issues. However, due to the fact that industry was considered essential, production was not significantly…
Nigeria has a varied industrial sector, evidenced by the number of separate activities tracked as part of the government’s GDP valuations. Despite 2020 being a tough year for many sectors worldwide, two industrial segments that the country is known for posted positive growth. Major projects continue to push ahead, such as Nigeria’s first privately owned oil refinery and new cement plants, while…
Nigeria has a varied industrial sector, and although the pandemic disrupted international supply chains and local operations, the performance of some industrial segments in Nigeria bucked the trend. Major projects continue to push ahead, such as Nigeria’s first privately owned oil refinery and new cement plants, while government plans to add greater value to agricultural output kicked off with external…
Nigeria is the biggest economy in Africa, with GDP of $432.3bn in 2020, according to the World Bank, and home to one of the largest proven oil reserves on the continent. The country has developed an investment-friendly business climate over two decades of civilian rule and in the nearly 60 years since independence, boosted by its oil and gas wealth, and the entrepreneurial spirit of its young popu
En Français While West Africa is one of the largest producers of cotton, it has the ability to process less than 2% of the crop locally; around 90% is exported to markets in Asia, where value is added through spinning and weaving. The industrialisation of West Africa is therefore essential for the region to fully capitalise on its resources, boost growth and create employment along the value chain. The…
– Textile and fashion is the world’s second-largest industrial polluter, behind oil and gas – Concerted efforts are being made to create more sustainable business models – Two solar-powered, sustainable textile plants under construction in Togo and Benin – Increased cotton processing could mean value-added textile earnings stay in West Africa With textiles and fashion expected to…
– Covid-19 has accelerated the shift from hydrocarbons to renewable energy sources – While investment in oil and gas slumped, renewables remained resilient throughout 2020 – Cobalt, nickel and copper are central to the production of rechargeable batteries – With its vast reserves, sub-Saharan Africa stands to benefit from the surge in demand Covid-19 and the resulting fall in oil prices…
Propak West Africa 2019 is the region’s largest exhibition and conference dedicated to the rapidly expanding industry of packaging, plastics, printing and food processing. Taking place in West Africa’s economic hub – Lagos, Nigeria – the exhibition will be held on 17-19 September 2019 at the Landmark Centre. With a record-breaking 4,265 attendees and at 2,049 sq metres in size, Propak…
The 3rd West African International Petroleum Exhibition and Conference (WAIPEC 2019)– now the largest petroleum event of its kind in West Africa– will return to Lagos, Nigeria January 23-24, 2019. WAIPEC was established in 2017 by the Petroleum Technology Association of Nigeria to promote the West African oil and gas industry, seek out best practices, explore new technologies, and develop…