Nigeria

Nigeria’s construction industry to recover and grow by 3.9% in 2021 Nigeria’s construction industry declined by 7.7% in real terms in 2020, hit by both the containment measures and disruption caused by the COVID-19 pandemic. The steep decline in oil and gas prices, which accounted for around 65% of the government’s revenues, worsened the situation by further curtailing expenditure power on infrastructure. However, the industry...

Nigeria to spearhead Africa refinery capacity additions by 2024 Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to add 1.5 million barrels per day (mmbd) of refinery capacity by 2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Refining Industry Outlook in Africa to 2024’, reveals that...