Nigeria at the top of West African countries in major infrastructure

According to data recently released by Deloitte African Construction Trends report placed Nigeria at the top of West African countries in major infrastructure construction projects in 2014, with a total spend of $36.4 billion on major infrastructure construction projects for the year 2014.

“Whereas South Africa was previously the choice market in Africa for scalable operations, Nigeria now has a more attractive profile, offering scale and strong growth,” Deloitte said in the report. Yet the country faces some lofty hurdles if it is to realize its required infrastructure developments.”

The total expenditure includes both foreign and local as well as public and private sector investment, adding that growth in the sector has been on the rise following the re-basing of the country’s gross domestic product (GDP) to $509.9 billion in April 2014.

According to the report, the projects range from Water which took 39 per cent, Energy and Power, 17 per cent, Oil and gas, 17 per cent, Transport 15 per cent , Real Estate, 11 per cent  and Manufacturing took 1 per cent.