Our outlook for Nigeria's construction and infrastructure sectors has dimmed further over 2015 and we have lowered our real growth forecasts for 2016 as a result. The reform momentum in the sector has waned following President Buhari's slow appointment of a cabinet. Furthermore , the economic outlook in the country has soured as unorthodox monetary policy, currency weakness and poor sentiment following the collapse in oil prices means investors are taking a wait and see approach .
Latest Updates And Structural Trends
We forecast the Nigerian construction sector will grow 7.8% y-o-y in real terms during 2016. Over the long-term, Nigeria retains strong infrastructure fundamentals and over our 10-year forecast period we forecast average annual real growth of 10.2%.
We expect the transport sector to outperform, given heavy Chinese involvement in financing and building major projects. Furthermore, the government has announced an expansionary budget for 2016 which will target infrastructure projects.
Full Report Details at
- http://www.fastmr.com/prod/1109911_nigeria_infrastructure_report.aspx?afid=301
The residential and non-residential building sector has been hardest hit by the economic turmoil in the country and in 2016 we forecast real growth of just 6.5% y-o-y - a notable slowdown.
The Nigeria Infrastructure Report features BMI Research'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
About Fast Market Research
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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
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Nigeria Infrastructure Report Q1 2016 - New Market Report
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001