Nigeria Infrastructure Industry Update Quarter 1 2012

  • November 2013
  • -
  • Business Monitor International
  • -
  • 86 pages

BMI View: Nigeria’s construction segment has seen continued growth, with inflation at very low levels. Revised figures suggest that year-on –year (y-o-y) growth sat at 12.3% for 2011, with this trend continuing next year with 9.7% y-o-y growth. The construction market value is expected to be US Dollar 3.3bn for 2012. High single figure growth rates will continue over the projection period to 2021, when the construction market value will stand at US Dollar 10.1bn

Key developments include:
• Namibian-Nigerian energy firm Sparkle Energy have announced plans to build a 4,000MW gas power plant in Nigeria. The plant will be built at an estimated cost of US Dollar 10bn, with US Dollar 50mn of the start-up costs provided by the Nigerian government. The main contractor for the project will be appointed by Q312, and the plant is scheduled to come onstream by end-2016. • Italian engineering firm Saipem secured a multi-million dollar engineering, procurement and construction (EPC) contract in Nigeria. The Rivers State government has awarded an 18-month contract to build the second train of the independent power plant (IPP) in Afam, Nigeria. The contract involves the provision of the complete range of EPC services for the open-cycle power plant, excluding the supply of the gas turbine.
• The state government of Ogun awarded China Civil Engineering Construction (CCECC) a NGN1.3bn (US Dollar 8.4mn) contract to build a road in Abeokuta, Nigeria. The road between the Ibara Roundabout and Ita-Eko-Totoro Road will be grow ed to six lanes from the existing two lanes. The road will also have a green belt, street lights, drainage systems and other modern facilities, according to the Commissioner for Information and Strategy, Yusuph Olaniyonu. The project is likely to be completed within eight months.
Nigeria is facing a number of challenges over the coming decade, in the wake of the April 2011 elections. These polls were largely successful, giving the country an opportunity to exorcise the embarrassing experience of 2007 and claim Nigeria's place as a regional leader and economic powerhouse. The election results should further stimulate the development of new projects, causing the construction market value to rise in 2012. In light of this, roads and railways will continue to account for the lion’s share of transport infrastructure market value. Energy and utilities also hold upside potential, given the government’s ambitious plans for the segment .

Table Of Contents

Executive Summary . 5
Industry SWOT Analysis 6
Nigeria Infrastructure SWOT .. 6

Industry Analysis . 7
Nigeria .. 7
Building Materials . 9
World 9
Industry Trend Analysis - Building Materials: China To Remain Demand Driver; Developed Industries Offer Little Support .. 9
Africa .. 16
Industry Trend Analysis - Building Materials: Rising Capacity And Competition, But Risks Remain .. 16

Market Projection Scenario 21
Data : Nigeria Construction And Infrastructure Market Data 21
Data : Nigeria Construction And Infrastructure Market Data 23
Construction and Infrastructure Projection Scenario . 25
Transport Infrastructure . 28
Data : Nigeria Transport Infrastructure Market Data .. 28
Data : Nigeria Transport Infrastructure Market Data .. 30
Transport Infrastructure Projection Scenario 33
Transport Infrastructure Overview .. 36
Key Projects - Transport Infrastructure . 38
Data : Major Projects - Transport . 38
Energy and Utilities 44
Data : Nigeria Energy and Utilities Infrastructure Market Data .. 44
Data : Nigeria Energy and Utilities Infrastructure Market Data .. 44
Energy And Utilities Infrastructure Projection Scenario .. 45
Energy And Utilities Infrastructure Overview . 47
Data : List of IPPs in Nigeria .. 48
Key Projects - Energy and Utilities Infrastructure 52
Data : Major Projects - Energy And Utilities.. 52
Residential/Non-Residential Construction and Social Infrastructure 55
Data : Nigeria Residential and Non-residential Building Market Data . 55
Data : Nigeria Residential and Non-residential Building Market Data . 55
Residential/Non-Residential Construction Projection Scenario 56
Residential/Non-Residential Construction and Social Infrastructure Overview.. 57
Major Projects Data - Residential/Non-Residential Construction and Social Infrastructure . 58
Data : Major Projects - Construction And Social Infrastructure 58

Environment Overview . 59
Nigeria Business Environment 59
Rewards .. 59
Risks . 59
Regional Overview 60
Africa Infrastructure Business Environment Ratings 60
Africa Infrastructure Risk/Reward Ratings: High Growth Masks Persistent Volatility . 60
Data : Africa Infrastructure Risk/Reward Ratings . 61
Nigeria Infrastructure Report Q1 2012
© Business Monitor International Ltd Page 4
Company Monitor 64
Julius Berger Nigeria Plc. . 64
Setraco Nigeria Limited .. 66
World Overview .. 67
Infrastructure Finance In 2012: Deja Vu? 67
Methodology .. 74

Market Projection s 74
Construction Market .. 75
Data Methodology . 75
New Infrastructure Data Sub-sectors 75
Construction . 76
Capital Investment . 77
Construction Segment Employment 78
Infrastructure Business Environment Rating .. 78
Data : Infrastructure Business Environment Indicators . 79
Project Finance Ratings 80
Data : Design And Construction Phase .. 81
Data : Commissioning And Operating Phase - Commercial Construction 82
Data : Commissioning And Operating Phase - Energy And Utilities 83
Data : Commissioning And Operating Phase - Transport . 84
Sources .. 85

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