Oil prices in Nigeria have fallen below 55% since September 2014, impacting public sector spending. However, infrastructure development is critical to the growth of the economy. The GDP indicator, indicates the non-oil sector has been the main driver of growth with services-oriented economy, such as retail, wholesale trade, real estate, information and communication.
The fall in oil prices has created investment opportunity in other sectors, like agriculture, mining and manufacturing. Particularly, in the export sector, leveraging on Nigerian Maritime Industry in the following areas.
Governance issues remains a huge challenge within the Nigerian Ports sector about delays in getting their goods moved through the ports but the latest funding boost from the federal government could change the growth prospects for this sector.
For more information about Maritime Investment opportunities, contact us at email@example.com
FACE is a not-for-profit organization that supports African Businesses, Entrepreneurs, and Professionals representing over 60,000 African Immigrant Communities in the United States. Our goal is to encourage policies and practices that promotes sustainable socioeconomic development, and youth empowerment programmes by creating awareness to make available the necessary infrastructures for the development, and maintenance of viable primary, secondary, and tertiary sectors in Africa, and the African Diaspora.