Investing in Nigeria: Looking beyond Oil and Gas
When most investors think about Nigeria, they think first about the Country’s economy predominantly driven by the Oil and Gas Sector. Crude oil and petroleum products accounts for most Nigeria’s foreign exchange earnings, however Crude Oil sector contributes a small fraction of Nigeria’s GDP.
In Q2 of 2018, for instance, the Oil and Gas sector contributed only 8.55% to total real GDP, down from 9.61% in the …
Nigeria’s total power generating capabilities are estimated around 13 GW, of which 16% accounts for hydro and 84% from fossil fuels. In reality, only half of the installed capacity is actually available due to outdated technology and poor maintenance of the grid
As part of Nigeria’s energy strategy tagged “vision 30-30-30”, The government of Nigeria has set a target to have a generating capacity of 30 GW of power by 2030, 30% of which is …
Harnessing the business of creativity in Nigeria: focus on movie and entertainment industries
The Nigerian Film Industry (Nollywood) is globally recognized as the second largest film producer in the world and one of the priority sectors identified in the Economic Recovery and Growth Plan (ERGP) of the Federal Government of Nigeria with a planned $1billion in export revenue by 2020. (PwC Nigeria).
According to the ERGP, challenges facing the industry include the low level of …
Meeting food and consumer demands: focus on value addition and processing
In Nigeria, Agriculture will continue to be a stable driver of GDP growth, with a projected average growth rate of 6.9 percent over the Economic Recovery Growth Plan (ERGP) period. According to the ERGP, by 2020, Nigeria is projected to become a net exporter of key agricultural products, such as rice, cashew nuts, groundnuts, cassava, and vegetable oil.
The major challenges facing the Agricultural …
Investing in Nigeria’s Infrastructure boom: racing at the pace of the demand
The Real Estate sector is Africa’s 5th largest contributor to the continent’s GDP and in Nigeria, it accounts for roughly about 8% of the country’s economy.
According to the Federal Housing Mortgage Bank of Nigeria, Nigeria’s housing deficit is estimated at between 17 – 20 million housing unit with a potential cost of N6 trillion (US$16 billion), and a 900 000 annual unit …
Taking part in the Nigerian silicon Valley story: opportunities for foreign investments, knowledge sharing, and strategic partnerships.
Nigeria, representing one of the MINT countries, has experienced in recent times an increased level of foreign investments in the digital and technology sector, compared to other African countries. In 2017, the country raised ($114.6million) startup funding in the digital space (according to Quartz). Yabacon Valley (YV) is seen as the Silicon Valley of Africa because of the …