Renewed hope for Nigeria
Nigeria’s incoming president has his work cut out, faced with a worsening security situation, accelerating inflation, declining oil revenues and food insecurity. After some bold moves, his economic choices appear to be paying off, albeit slowly. But what does this mean for the country’s cement producers as they tackle overcapacity and spiralling cement prices? By Suzanne Starbuck, ICR Research, UK
With Nigeria’s population due to reach 400m by 2050, the government has set an infrastructure
budget of NGN1.32trn (US$1.15bn) in 2024 (© Kehinde Temitope Odutayo)
