Research and Markets has declared the inclusion of "Nigeria Infrastructure Report” prepared by Business Monitor International’s (BMI) in its list of offerings.
The report mentions that the Nigerian construction industry, which suffered a setback in 2009 and 2010, is presently growing in value and anticipates that the elections results will further assist the growth of new projects in the country.
The report anticipates that railways and roads will dominate the value of the transport infrastructure industry and with the government’s ambitious plans the energy and utilities will follow it with growing potential. BMI forecasts that Nigerian building industry will achieve a growth of US$3.6bn in 2011, and US$8.7 by 2015.
The report indicates that the construction beginning of Abuja-Kaduna railway has prompted it revise its forecasts in upward direction for the infrastructure value of Nigerian railways in the period from 2011 to 2014. The project investment estimated as US$875mn will make it as single largest construction project in the country. It anticipates that the industry will achieve a growth of 24.4% in 2011 in comparison with an earlier forecast of 10.6%.
The report forecasts that the cement plant currently under its building phase in Ibese, a place in south western Nigeria, when commences its functions in July 2011 has the potential to make Nigeria an exporter of cement in a few years from its current importer status.
In its deliberations, the report has included the details of leading Nigerian companies such as Setraco Nigeria and Julius Berger Nigeria.
Source: http://www.researchandmarkets.com/