BMI View: A combination of tight liquidity restricting business operations and renewed violence in the
Delta region exacerbating the government's struggle in raising adequate revenue to undertake major
infrastructure spending has seen our forecasts for the constructio ..."
BMI View: We have marginally downgraded our short-term outlook for the Nigerian construction sector as
continued uncertainty over the direction of the naira, monetary policy and oil prices sees private sector
projects remain on hold. Infrastructure on the other hand w ..."
BMI View: 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 ..."
BMI View: The outlook for Nigeria's construction sector over 2015 and 2016 remains downbeat on the
back of the fall in global oil prices; and lower government revenue, devaluation of the naira and associated
inflationary pressures will restrict public and private inve ..."
BMI View: Despite the peaceful passing of the Nigerian election, we remain cautious in our forecasts for
real growth in the Nigerian construction sector over 2015 and 2016. Our forecasts stand at 11% and 9.80%
for 2015 and 2016 respectively, with growth averaging 10.6 ..."
BMI View: While we have downgraded our growth forecasts for 2015 and 2016 on account of the elections
and lower oil prices, in our view Nigeria represents a long-term high reward market. We now forecast real
growth of 11.04% and 9.80% in the construction sector for 20 ..."
The Construction market in Nigeria has scripted a new growth story for itself, driven by domestic demand and foreign investment, among other factors. The Nigerian economy became the single largest economy in the continent of Africa after rebasing in 2013. The steady increase in u ..."
BMI View: In our view Nigeria represents a high reward market, now the largest in Africa, and has an
impressive growth trajectory over our 10-year forecast period which sees construction industry real growth
averaging 12%. Improving power supply and transport links wi ..."
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 ..."
BMI View: Nigeria's construction industry has performed above expectations over 2013 which factors in
our decision to upgrade our forecasts for real growth in 2014 - now standing at 13% year-on-year. The
country is Africa's second largest economy, and with a growing m ..."