DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d4114d/nigeria_infrastruc) has announced the addition of the "Nigeria Infrastructure Report Q4 2011" report to their offering.
This quarter we have updated our forecasts for Nigeria to include recent developments and trends which have emerged following the release of the new data. New historical data show that in 2010 - due to both extremely low growth in Q2 and Q3 and unexpected higher inflation - the country suffered negative real growth of -0.5. However, the positive outcome of the election should further stimulate the development of new projects causing the construction industry value to rise in 2012. In light of this, we maintain that roads and railways will continue to account for the lion's share of transport infrastructure industry value. Energy and utilities also hold upside potential, given the government's ambitious plans for the sector. As such, BMI is now forecasting Nigeria's construction industry to reach a value of US$2.9bn in 2011, and US$6.4 by 2015.
Key developments include:
- The immediate aftermath of the elections has been characterised by political stability, and we believe that, if maintained, these conditions will help to foster investor confidence. Furthermore, the re-election of Goodluck Jonathan is very positive, as the newly appointed administration is likely to be keen to advance projects that were approved before the elections.
- The re-election of Jonathan will likely benefit the energy sector. His national Integrated Power Project (NIPP) forms a core part of the electricity sector recovery plan and early successes will certainly encourage a bullish outlook for Nigeria's energy infrastructure prospects.
- US energy holding company PGI Energy, along with its joint venture (JV) partners J & L Instrumentation and Power and Knox J & L Energy Solutions, is to begin construction work on several planned power plants, reports Power-Technology. The plants, to be built in Ajaokuta, are to have a capacity of 1,000MW. PGI Energy is to provide the required US$700mn to fund the project through the American investment bank Pythagoras Group.
- The Nigerian Federal Executive Council (FEC) has approved NGN22bn-worth of contracts for the construction of a new terminal building at the Aminu Kano International Airport in Kano and the upgrade of the Nnamdi Azikiwe International Airport in Abuja. Meanwhile, the FEC ratified anticipatory approval for the construction of a new terminal building at the Mallam Aminu Kano International Airport (MAKIA), according to Minister of Information and Communication Labaran Maku. In addition, the council also approved the ratification of the Bilateral Air Services Agreement (BASA) between Nigeria and Cameroon.
Key Topics Covered:
Executive Summary
SWOT Analysis
Market Overview
Industry Forecast Scenario
Construction and Infrastructure Forecast Scenario
Transport Infrastructure
Transport Infrastructure Forecast Scenario
Key Projects - Transport Infrastructure
Energy and Utilities
Energy And Utilities Infrastructure Forecast Scenario
Key Projects - Energy and Utilities Infrastructure
Residential/Non-Residential Construction and Social Infrastructure
Business Environment
Company Monitor
Global Overview
Companies Mentioned:
- Julius Berger Nigeria Plc
- Setraco Nigeria Limited
For more information visit http://www.researchandmarkets.com/research/d4114d/nigeria_infrastruc