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Nigeria Transport Sector Research Highlights

Nigeria Transport Sector Research Highlights
Market Profile Video

Nigeria harnesses the services sector for economic diversification and infrastructure development

Oxford Business Group has launched The Report: Nigeria 2024, its 10th edition of the annual business intelligence report. The report focuses on the role of Nigeria’s services sector in driving non-oil growth as the country intensifies efforts to diversify its economy. It provides a comprehensive analysis of various economic segments, including financial services, transport and logistics, te
Country Report

The Report: Nigeria 2024
OBG
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Nigeria’s GDP growth decelerated in 2022 amid global headwinds, including elevated commodity prices and soaring inflation resulting from Russia’s invasion of Ukraine. The IMF’s GDP growth projection of 3.2% for 2023 is in recognition of the measures Nigeria has undertaken to boost oil production. Nevertheless, the country’s medium-term economic plan, the National Development Plan (NDP) 202
Interview

Adetayo Bamiduro, CEO and Co-Founder, MAX: Interview
OBG
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Interview: Adetayo Bamiduro How has digitalisation transformed the transport and logistics landscape in Nigeria? ADETAYO BAMIDURO: Transport networks in Nigeria have traditionally been informal, which in turn has resulted in a paucity of organisation and transparency. This has made it difficult to keep track of financial flows, and has entrenched the activities of special interest groups. Technology…

Overview

How Nigeria aims to boost multi-modal transport integration
OBG
plus

The transport sector has become increasingly integrated with Nigeria’s general economy. With a fast-growing population of over 218.5m people as of July 2022, and the need to move huge amounts of natural resources and merchandise to support mining, agriculture, energy and manufacturing activities, one of the greatest challenges facing the sector is expanding transport infrastructure to keep pace with…

Analysis

Improved seaports and dry ports in Nigeria expected to boost regional trade
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The privatisation of port operations as part of the port reform programme launched in 2006 has brought significant efficiency gains and economic savings to the country’s maritime sector. In December 2022 the Seaport Terminal Operators Association of Nigeria estimated that the port concession programme had saved the country a total of $1.6bn, roughly $100m annually between 2006 and 2022. Nigeria’s…

Analysis

The shipping industry works to lower its environmental impact
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As environmental concerns become increasingly pressing for governments and businesses alike, the shipping industry is taking steps to reduce its carbon footprint. In August 2021 Danish shipping company Maersk, the world’s largest container shipping line, announced that it had invested $1.4bn in eight new vessels to be powered by methanol, rather than oil-based fuels. The ships, expected to be delivered…
Chapter

The Report: Nigeria 2024: Transport & Logistics
OBG
plus

The increasing integration of the transport sector with the growing economy is underscored by the need to move huge amounts of natural resources and merchandise to support mining, agriculture, energy and manufacturing. Efforts to bridge such infrastructure gaps, particularly in road and railway systems, has led successive governments to allocate funds to transport projects. Despite the governance challenges…
Economic News

Emerging markets look to capture a larger share of the aviation market
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− Aviation’s post-pandemic recovery buoyed by a surge in tourism − Emerging markets launch new airlines to boost status as global aviation centres − Historic aircraft deals signal return of investor confidence to sector − New emissions regulations present opportunities for sustainable fuel production With global aviation passenger numbers rebounding, emerging markets…
Country Report

The Report: Nigeria 2022
OBG
plus

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
Chapter

The Report: Nigeria 2022: Transport and Logistics
OBG
plus

Although transport networks have historically been underfunded, the government is prioritising their development, as enhanced connectivity is key to supporting growth in non-oil sectors. Demand for transport is set to rebound in the second half of 2021 as the economy reopens and the African Continental Free Trade Area is in force. The most significant gains in the coming years are expected in the road…

View More
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