Like many emerging markets, Nigeria has ambitious development goals for the next decade, with particular focus on improving employment rates and reaching poverty reduction goals. The Nigerian real estate industry is dynamic, and is clearly a growth sector that could yield significant mid- to long-term financial benefits for investors and developers. Whilst the country still faces challenges in addressing the housing shortage, the real estate market is positioned for significant growth. The government, developers, construction companies and financial strategists must work together to ensure the success and development of this sector.
Insight
Sectors for Discussion
What are the best agricultural business ideas for the developing world? What are the best agro-allied business opportunities for big towns and mega cities? What business can one start in the agriculture industry and attain global leadership? The trending challenge and impact of rural-urban migration have continued to generate great debates since the last three decades...[More]
The oil and gas industry is perhaps the most strictly regulated sector, yet; it remains probably the most profitable and risky. In fact, crude oil or petroleum and its derivatives are essential commodities that are consumed on daily basis. Despite the massive agitation for the adoption of alternative renewable energy resources, oil still remains the number one because 99.99% of all vehicles and machines use either PMS (Petrol) or AGO (Diesel)...[More]
A recent report revealed that Africa's share of the global creative economy is less than 1% and that the export of creative goods in Africa increased by only 0.6% between 2002 and 2010. However, these figures are due to change, as creative industries are gaining increased recognition as key ingredients in fuelling Africa's economic growth...[More]
INFORMATION AND COMMUNICATION TECHNOLOGY
The information and communications technology sector has almost doubled its contribution to Nigeria's GDP in the last three years and is expected to be a main driver of economic growth, according to the minister of communications. The industry currently contributes 9.58 percent to GDP (Q3 2014) and is further enabling other parts of the economy...[More]
Africa's largest megacity, Lagos, is now home to over 14 million people, from just 1.4 million as recently as 1970. Each year sees over 600,000 people settle in Lagos. At the city's current growth rate, it will be the seventh largest urban area in the world by 2020 and the fastest growing city amongst the world's 50 largest cities...[More]
BLUE ECONOMY
Nigeria's explosive economic boost in the past decade rode heavily on commodities as it fuelled the world with diverse mineral resources, the very raw materials required to drive the engines of innovation and progress around the globe. However, in recent times, the commodities market has faced uncertainties, the most dire being the crash in oil prices around the world...[More]
The Nigerian power sector has undergone so many reforms in recent years. The ultimate objective of these reforms is to ensure that the Nigerian power sector becomes the engine for growth, for jobs, and for improvements in social welfare. Ultimately, economic success would translate to an additional $12bn in annual GDP for each additional 1,000 MW's...[More]
The manufacturing sector is now the major driver of economic growth in Nigeria, the latest economic report by Renaissance Capital, reveals. According to the report, with Nigeria's rebased Gross Domestic Product, (GDP) the manufacturing sector is currently growing faster than the telecommunications, oil and gas and agricultural sectors...[More]
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2015
AUGUST 3 - 4
PROMOTING ENTREPRENEURSHIP AND
INNOVATION IN BUILDING ECONOMIC
LEADERS FOR TOMORROW