Research and Markets: The Report: Nigeria 2013 Market Research
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/v7hd2q/the_report) has announced the addition of the "The Report: Nigeria 2013" report to their offering.
As the single most populous nation in Africa, Nigeria is widely expected to overtake South Africa as the largest economy on the continent within a matter of years.
Natural resources, oil and gas in particular, comprise one of the country's key assets. Hydrocarbons reserves have traditionally attracted the vast majority of domestic and foreign investment. Oil production capacity has remained at roughly 2.5m barrels per day (bpd) since the start of 2000, although output fell to 2.2m bpd on average in 2012. Nigeria has long been both a regional and international diplomatic force, and is a member of the Economic Community Of West African States, the African Union, the Organisation of the Petroleum Exporting Countries and the UN.
This extensive report profiles the country in sectors such as Economy, Energy, Transport, Health, Education, Tourism, Real Estate & Construction, Industry & Retail among others. For companies or individuals seeking reliable, in-depth knowledge on this country 'The Report: Nigeria 2013' is an unrivaled resource.
Sample Chapter Summaries
Nigeria has achieved consistently high growth over the past decade, including 7.4% in 2011 and 6.6% in 2012, according to the African Development Bank. This expansion makes Nigeria one of the continent's most consistent performers, with over twice South Africa's average growth. The IMF forecasts economic growth of 7.2% in 2013 and 7% in 2014. Non-oil GDP is expected to rise 8.5% in 2013, according to the Nigerian Economic Summit group.
Following a significant overhaul of the sector in 2012, Nigerian banks recorded their strongest performance since the onset of the banking crisis in 2009. The central bank has seized on recent bank restructuring to implement broader structural reforms aimed at safeguarding against future crises. Nigeria boasts a diverse financial sector.
Strong growth in both equities and bonds in 2012, driven by foreign portfolio inflows that more than tripled from $5bn in 2011 to $17bn in 2012, according to the World Bank, cast off the long shadow of the 2008 financial downturn. With liquidity returning, authorities are planning to deepen and diversify the markets through reforms and the launch of new products. While Nigeria remains exposed to international investors' risk-on, risk-off switches, a growing pool of domestic investors is returning to the equity market for the first time since 2008.
In 2011 Nigeria had the world's 10th-largest oil reserves, at 37.2bn barrels, and the ninth-largest reserves of associated gas, at 182trn standard cu feet. Yet as the country's proven reserves of both oil and gas start to decline, the imperative will be to clarify the industry's long-term legal and fiscal outlooks to encourage more investment in exploration and production. Despite legislative delays, Nigeria is making progress in expanding local firms' share of production and oil services while also catalysing significant investment in gas-to-power projects.
Electricity is regularly cited as Nigeria's chief obstacle to economic growth, but 2013 may mark a turning point for what is often referred to as the country's Achilles heel. For more than a decade, the lack of reliable power has cut into profit margins and increased operating overheads. Under-investment and mismanagement are generally accepted as being among several primary causes of the power problem. The leadership hopes a privatisation process - now under way for power generation and distribution companies - will remove these obstacles.
Key Topics Covered:
IT & Telecoms
Real Estate & Construction
Media & Advertising
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