Business Monitor International


Nigeria Infrastructure Report

Published 14 May 2014

  • 111 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Nigeria Infrastructure Report

BMI View : After the rebasing of Nigeria's economy it now represents the largest market in Africa, and relies less on the oil industry for growth than previously understood , but rather on high - growth sectors such as manufacturing and services. As such we have upgraded our long-term forecasts, which now see construction industry real growth averaging 12% over our 10-year forecast period. Residential and non-residential building will be the major driver of growth, with a growing middle class demanding more from the sector . Improving power supply and transport links will also be a driver of growth, but the infrastructure sector is more exposed to the numerous risks in Nigeria's business environment.

There has been a chronic lack of investment in the country's infrastructure sectors. However, reforms and development plans implemented under President Goodluck Jonathan are beginning to take effect, with the sell-off of the state-run Power Holding Company of Nigeria virtually complete and increasing numbers of Public Private Partnerships (PPPs) entering the market. We note security risks remain high and political turmoil in the governing party threatens investor confidence over the medium term. We also continue to highlight persistent risks hampering the implementation of major projects, ranging from deep-rooted corruption and violence perpetrated by militants to inefficient bureaucracy.

Key T rends And Developments

  • Dangote Group sealed a financial agreement with 12 banks for a USD3.3bn loan to build a greenfield refinery and petrochemicals complex in Olokola, in the south of Nigeria.

  • The Nigerian housing market looks set to receive a major shot in the arm as the Federal Government launched the Nigeria Mortgage Refinance Company (NMRC), with a mandate to raise capital via the bond market in a bid to tackle the country's housing deficit.

  • In October 2012, China Civil Engineering Construction Company (CCECC) won a contract to substantially...

Table of Contents

BMI Industry View
7
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Industry Forecast Scenario
11
Table: Construction And Infrastructure Industry Data (Nigeria 2012-2017)
11
Table: Construction And Infrastructure Industry Data (Nigeria 2018-2023)
12
Construction And Infrastructure Forecast Scenario
13
Table: IOC Nigerian Asset Divestments
18
Transport Infrastructure - Outlook And Overview
20
Industry Forecast Scenario
20
Table: Transport Infrastructure Industry Data (Nigeria 2012-2017)
20
Table: Transport Infrastructure Industry Data (Nigeria 2018-2023)
21
Transport Infrastructure Outlook And Overview
22
Major Projects Table - Transport
32
Table: Major Projects - Transport
32
Energy And Utilities Infrastructure - Outlook and Overview
38
Industry Forecast Scenario
38
Table: Energy And Utilities Infrastructure Data (Nigeria 2012-2017)
38
Table: Energy And Utilities Infrastructure Data (Nigeria 2018-2023)
38
Energy & Utilities Infrastructure Outlook And Overview
39
Major Projects Table - Energy & Utilities
44
Table: Major Projects - Energy And Utilities Infrastructure
44
Residential/Non-Residential Building - Outlook And Overview
49
Industry Forecast Scenario
49
Table: Residential and Non-Residential Building Industry Data (Nigeria 2012-2017)
49
Table: Residential and Non-Residential Building Industry Data (Nigeria 2018-2023)
49
Residential/Non-Residential Building Outlook And Overview
50
Table: Major Projects - Residential/Non-Residential
56
Industry Risk Reward Ratings
58
Nigeria - Infrastructure Risk/Reward Ratings
58
Rewards
58
Risks
59
Sub-Saharan Africa - Infrastructure Risk/Reward Ratings
59
Table: Sub-Saharan Africa Infrastructure Risk/Reward Ratings
68
Market Overview
69
Competitive Landscape
69
Table: EQS Data
69
Company Profile
74
Julius Berger Nigeria Plc
74
Setraco Nigeria Limited
76
Global Infrastructure Overview
78
Middle East/North Africa Presents Strongest Investment Profile
78
Methodology
84
Industry Forecast Methodology
84
Sector-Specific Methodology
85
Risk/Reward Rating Methodology
89
Sector-Specific Methodology
90
Table: Infrastructure Risk/Reward Rating Indicators
90
Table: Weighting Of Indicators
91

The Nigeria Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Nigeria Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Nigerian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Nigeria to test other views - a key input for successful budgetary and planning in the Nigerian infrastructure market.
  • Target business opportunities and risks in the Nigerian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Nigeria.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc