BMI's Executive Summary

[TOP]

The Nigerian infrastructure sector has displayed impressive growth over the past few years. There has been a steady rise in construction expenditure in the country, primarily fuelled by growing oil revenues. BMI forecasts the industry to grow at an average of 15.81% over the 2008-12 forecast period.

Development of basic physical infrastructure is high on the government's agenda. Most projects revolve around construction and restoration of roads and development of power plants. Refurbishment and expansion of the country's airports and railway network are also planned. Although a number of private construction companies operate in the Nigeria, the industry is largely driven by state-led investment. Most of the domestic companies are small by international standards and lack the competence to handle major projects independently.

The presence of corruption looms large over most sectors of the Nigerian economy. Players operating in the country often complain of opaque tender procedures. The industry also suffers from a lack of skilled manual labour, while managerial workforce in the country is relatively expensive. Another drawback is that contractors working on government-owned projects frequently face payment delays. Furthermore, the country is threatened by an unstable security situation, especially in the Niger Delta area.

Despite all odds, Nigeria has the potential to become one of the largest construction markets in Africa. Moreover, increased investment levels, more stringent building regulations and increased cement production capacity could help fuel growth in the Nigerian infrastructure sector. The construction industry is forecast to be worth NGN660.96bn (US$6.01bn) by 2012. The industry's contribution to the overall gross domestic product (GDP) is, however, expected to remain quite low, averaging around 2% during the forecast period.

Contents

[TOP]

Chapter 1 - Executive Summary

Chapter 2 - Industry Trends And Developments

Market Overview

Nigeria’s Economy In 2006

Nigeria’s Construction Industry

Major Companies

Some Recent Investment Initiatives

Chapter 3 - Key Projects

Transport

Utilities

Tourism

Residential And Commercial Construction

Table: Nigeria – Major Infrastructure Projects

Chapter 4 - Business Environment

Introduction

Table: Middle East And Africa Business Environment Rankings

Business Attractiveness Rankings – Methodology

Middle East And Africa Region

Nigeria: Business Environment Ranking

Construction Growth

Competitive Environment

Anticipated Potential

Chapter 5 - SWOT Analysis

Nigeria Infrastructure Industry SWOT

Chapter 6 - Industry Forecast Scenario

Table: Nigeria Infrastructure – Historic Data And Forecasts

Risks

Chapter 7 - Macroeconomic Outlook

Table: Nigeria – Macroeconomic Forecasts

Chapter 8 - Country Snapshot: Nigeria Demographic Data

Section 1: Population

Table: Demographic Indicators (2005)

Table: Rural/Urban Breakdown

Section 2: Education And Healthcare

Table: Education

Table: Healthcare – Vital Statistics

Table: Healthcare – Expenditure

Section 3: Labour Market And Spending Power

Table: Consumption And Stratification

Chapter 9 - Competitive Landscape

Table : Key Players

Chapter 10 - Company Monitor

HFP Engineering

Julius Berger

Bouygues

ABB (Nigeria)

Chapter 11 - BMI Forecast Modelling

How we generate our Industry Forecasts

Construction Industry

Sources

Chapter 12 - Appendix: Regional Demographic Data

The Long View: Data Over The Economic Cycle (2000-2007)

Population

Household Spending Per Capita, US$

Private Consumption Per Capita, US$ PPP

Market Size, US$bn

Competitive Landscape for Middle East & Africa Infrastructure Reports: Sample of Companies Ranked

[TOP]

Comparative company analyses and rankings by sales, % market share, employees, registration date and ownership structure. Company profiles include fully researched senior executives and contact details, business activity and leading products and services. SWOT (strengths, weaknesses, opportunities, threats) of the state’s business environment, infrastructure sector, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Network of Middle Eastern & African Infrastructure Sources

[TOP]

BMI's Middle Eastern & African Infrastructure Reports are based on an extensive network of multilateral organisations, government departments, Infrastructure industry associations, chambers of commerce and company reports. Information sources include: