With one of Africa’s largest economies, Nigeria is counted among the most significant long-term emerging markets due to its scale, unmet needs and strategic importance in Africa.
The country has a significant infrastructure deficit, with an estimated $3 trillion of investment needed, according to The World Bank. Total infrastructure stock in the country amounts to 30 percent of gross domestic product, falling short of the international benchmark of 70 percent, the International Trade Administration reports. The Nigerian government has taken steps to reduce its infrastructure deficit through its 30-year National Integrated Infrastructure Master Plan (NIIMP), which aims to bring Nigeria’s infrastructure stock to that 70 percent of GDP level by 2043 to stimulate economic growth and development in social and human capital of the nation, opening the doors f
