Nigeria presents considerable potential to return high yields on investment in the manufacturing industry. The administration has introduced a range of incentives to launch and broaden activities in various manufacturing segments, including agro-processing, biofuels, cement and automobiles. Coupled with the country’s broad resource base, the large and growing working-age population and the...
Nigeria Industry Articles & Analysis
Chapter | Industry & Mining from The Report: Nigeria 2019
Combining oil and gas wealth with the entrepreneurial efforts of its predominantly young population, Nigeria has developed a business-friendly environment over the past two decades of civilian rule. The country has effectively leveraged its abundance of natural resources and harnessed the strength of its 193m-strong population to become a key nation both on the African continent and beyond.
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Articles & Analysis | Industry sector poised for a near-term revival as investors act to capitalise on favourable trends in Nigeria from The Report: Nigeria 2019
Founded on its diverse agricultural base, abundant mineral and petroleum reserves, and a young and growing population of workers and consumers, Nigeria presents considerable potential to return high yields on investment in manufacturing segments. While the discovery of hydrocarbons and rising crude prices created a dependence on export...
Articles & Analysis | 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 from The Report: Nigeria 2019
What are some of the main infrastructure challenges that fast-moving consumer goods (FMCG) companies face in Nigeria?
Articles & Analysis | Nigeria expands utilities access with international support and regulatory measures from The Report: Nigeria 2019
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...
Articles & Analysis | Stakeholders in Nigeria look to use revenues to fuel motor vehicle growth from The Report: Nigeria 2019
Automobile manufacturing is poised for accelerating growth over the medium term, as major carmakers like Nissan, PSA Group and Volkswagen move to revive, expand or build new manufacturing and assembly bases in-country. These firms and their domestic partners should reap the potential dividends of Nigeria’s large and growing automotive market,...
Articles & Analysis | Global economies prepare for the next industrial revolution from The Report: Nigeria 2019
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities such as improved productivity, as well as risks, namely reshoring and the...
Articles & Analysis | Nigerian domestic market supports producers of fast-moving consumer goods from The Report: Nigeria 2019
Growth of the population, set to reach 300m by 2030 and 400m by 2050, coupled with an expanding middle class, suggests there is strong growth potential for the fast-moving consumer goods (FMCG) segment, and underscores the fundamental attractiveness of the Nigerian market. In addition to these long-term drivers, manufacturers are set to...