"The
Report Construction in Nigeria, Key Trends and Opportunities to 2021
provides information on pricing, market analysis, shares, forecast,
and company profiles for key industry participants. -
MarketResearchReports.biz"
Synopsis
In
real terms, the Nigerian construction industry registered positive
growth during the review period (20122016). However, construction
activity was weak during 2016 as the economy slipped into recession.
Consequently, the industrys output value in real terms rose at a
compound annual growth rate (CAGR) of 6.16% during the review period.
The
industry is expected to expand slowly over the forecast period
(20172021), with performance expected to remain negative during 2017
due to the prevailing economic crisis.
However,
government efforts to revitalize the economy by focusing on
developing the countrys infrastructure, energy and residential
sectors are expected to contribute to the industrys gradual growth
over the forecast period.
The
governments aim to develop the countrys transport infrastructure and
enhance regional connectivity is expected to promote the industrys
growth over the forecast period.
Additionally,
government moves to develop the manufacturing sector and overcome the
countrys housing deficit are also expected to support industry
expansion. The industrys output value is expected to post a
forecast-period CAGR of 0.77% in real terms.
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Summary
Timetrics
Construction in Nigeria, Key Trends and Opportunities to 2021 report
provides detailed market analysis, information and insights into the
Nigerian construction industry, including:
The
Nigerian construction industry's growth prospects by market, project
type and construction activity
Analysis
of equipment, material and service costs for each project type in
Nigeria
Critical
insight into the impact of industry trends and issues, and the risks
and opportunities they present to participants in the Nigerian
construction industry
Profiles
of the leading operators in the Nigerian construction industry
Data
highlights of the largest construction projects in Nigeria
Scope
This
report provides a comprehensive analysis of the construction industry
in Nigeria. It provides:
Historical
(2012-2016) and forecast (2017-2021) valuations of the construction
industry in Nigeria using construction output and value-add methods
Segmentation
by sector (commercial, industrial, infrastructure, energy and
utilities, institutional and residential) and by project type
Breakdown
of values within each project type, by type of activity (new
construction, repair and maintenance, refurbishment and demolition)
and by type of cost (materials, equipment and services)
Analysis
of key construction industry issues, including regulation, cost
management, funding and pricing
Detailed
profiles of the leading construction companies in Nigeria
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Reasons To Buy
Identify
and evaluate market opportunities using Timetric's standardized
valuation and forecasting methodologies.
Assess
market growth potential at a micro-level with over 600 time-series
data forecasts.
Understand
the latest industry and market trends.
Formulate
and validate strategy using Timetric's critical and actionable
insight.
Assess
business risks, including cost, regulatory and competitive pressures.
Evaluate
competitive risk and success factors.
Key Highlights
In
November 2016, the Nigerian National Petroleum Corporation announced
plans to develop the Trans-Saharan gas pipeline project linking
Nigeria and Algeria. With a total investment of NGN5.2 trillion
(US$20.0 billion), the project includes the construction of 4,216km
pipeline with a diameter of 1.2m to 1.4m and gas-gathering centers.
The
government aims to make the country a global industrial hub.
Accordingly, in February 2017, the government granted approval for
the development of Gas Revolution Industrial Park in Ogidigben, Niger
Delta region. The project includes the construction of several
industrial plants, including petrochemicals, methanol, aluminum and
fertilizer in a single location on a 2,700ha area.
Foreign
investments are becoming increasingly vital to Nigerias economic
growth. In February 2017, the US Agency for International Development
announced plans to invest NGN305.9 billion (US$1.0 billion) in the
countrys energy sector. This investment is part of the Power Africa
program, which was launched by the US government in July 2013, with
an aim to improve accessibility to sustainable and affordable energy
in Africa.
Solar
energy has been Nigerias most significant source of renewable energy
in recent years. To benefit from this, several international
companies are investing in the countrys solar energy sector. In
November 2016, the General Electric Company signed a memorandum of
understanding with the Nigerian government to develop five solar
power plants in Nassarawa, Taraba, Borno, Niger and Kebbi.
In
its 2017 budget, the government placed significant emphasis on the
country's overall infrastructure development as part of its move to
stimulate growth following the recession. Accordingly, the government
announced plans to invest NGN97.0 billion (US$317.1 million) to
develop transport infrastructure projects.
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