February 23, 2018

Investment opportunities seen in Nigeria’s $2bn rig repair market

RIG... Investment opportunities seen in Nigeria’s $2bn rig repair market... NAIJA INVEST

The Nigerian maritime and logistics services sector is brimming with untapped investment opportunities valued at over $2 billion for indigenous and foreign investors in the ship and oil rig repair business. The business also promises to be a key employment driver, BusinessDay findings have shown. Findings also show that in terms of revenue and job creation, one repair facility is capable of domesticating over $200 million annually, and generating about N12 billion in Customs duties, millions of dollars for the Nigerian Ports Authority (NPA) as dues collected from vessels and rigs that call the facility, as well as about 1,000…

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Investing in paint manufacturing

paint manufacturing plant

Increase in per capita income through raising of the Gross Domestic Product (GDP) by annual rate of 9 percent. It is believed that the establishment of this project will contribute substantially towards the realisation of the above stated objectives. With the Nigerian population increasing at an annual rate of 3.3 percent,  more than 500,000 additional houses need to be built yearly. This calls for the production of more building materials. In this regard, production of more paints will be needed to meet the building materials requirements of the nation.  Not only this, existing structures have to be painted on regular…

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Brazillian firm stakes interest in Nigeria’s power, maritime sectors


ONE of the leading business conglomerates in the Western hemisphere, Andrade Gutierrez (AG Group) of Brazil, has indicated interest in electricity generation, distribution and port development in the country. AG Group President (Africa) Rodrigo Da Costa Fonseca disclosed this when a delegation from the conglomerate, led by the Nigerian Ambassador to Brazil, Vincent Okedion visited the Minister of Works, Mike Onolumeme in his office in Abuja. He noted that there is a huge potential for power generation in Nigeria from different sources, especially hydro, adding that the firm would build and operate power generation and distribution facilities in the country….

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