123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Lucintel’s Pestle Analysis Of Nigeria 2013: Growth In Telecom, Construction, And Hotel & Restaurants

By Author: Roy Almaguer
Total Articles: 84

The Nigerian economy is likely to be driven by growth in the telecommunications, building and construction, and hotel & restaurants industries during the forecast period. Recovery of the global economy,particularly European countries would positively impact the Nigerian economy. Oil and gas is one of the major sectors of the country, contributing significantly to total export.Increase in international oil prices would boost the oil and gas sector as well as the economy. The Nigerian economy is likely to grow to $384 billion at the current price by 2018 ata CAGR of 6.8% during 2013-2018.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on this economy and presents its findings in “PESTLE Analysis of Nigeria 2013”.The study indicates the social challenges that Nigeria is facing in terms of high unemployment rate, high corruption rate, and high homicide rate (crime rate). The country does not witness much economic risk due to its moderate GDP growth rate, low government debt, and fiscal surplus. The report also highlights the major drivers of the economy.

The telecommunication industry is one of the emerging industries that grew at a CAGR of 34% over the period of 2007-2012, and the contribution surged from 0.02% to 0.8% to GDP over the same period. Construction is another emerging industry with high potential in Nigeria. Expandingpopulation and government policy targeted at boosting the infrastructure aredriving the growth of this industry. Expanding urbanization and government plans to fill up the infrastructure gap with public private partnership are providing immense opportunities in this sector for domestic as well as foreign investors.
Lucintel highlights the key challenges that stifle the growth of the Nigerian economy. The country faces social challenges including high corruption rate, inequality of income distribution, and high crime rate. Major social concerns for the country include increasing unemployment rate which will affect the income levels and purchasing power.
This report includes an in-depth analysis of Nigeria including macroeconomy, political scenario,economic and business risks, and social and technological analysis. This report provides knowledge on Nigeria’s leading industries and emerging industries. Lucintel offerings include M & A and Due Diligence.

For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com. Visit Lucintel Product list http://www.lucintel.com/lucintel-product-catalog.htmlto see a complete list of Lucintel reports. Sign up for our free Email Newsletter http://www.lucintel.com/newsletter.aspx

Total Views: 53Word Count: 415See All articles From Author

Business Articles

1. One Of The Best Kitchen Equipment Manufacturers
Author: Paul Wright

2. Advantages Of Getting Listed In Online Construction Directory
Author: John Smith

3. How Radiologist Email Lists From Healthcare Mailing Change Your Business Perception?
Author: Richard Braxon

4. Choose Yourself As A Yoga Teacher With The Help Of Adinath Ashram
Author: Jack Stevens

5. Best Service Provider For Life Time Events In Pune
Author: biz porto

6. Crimping Your Own Earrings
Author: Nitesh Pathak

7. An Overview Of Surface And Chemical Analysis
Author: Tan Sean

8. Prorack Roof-racks Install With Smart-foot Technology
Author: Tony Bulic

9. Siib: The Changing Face Of Business Education In India
Author: Mohan Kumar

10. Things To Know About Coworking Spaces
Author: romyfernandis12

11. Things To Consider Before Opting For A Mailbox Rental
Author: romyfernandis12

12. Different Types Of Advertisement Print Products
Author: romyfernandis12

13. Advantages Of Hiring Professionals For Printing
Author: romyfernandis12

14. Data Cabling Through Wire Mesh Cable Tray
Author: Noah Gabriel

15. Pretreatment And Grit Removal From Sewage Water To Repurpose It
Author: Manoj Shukla

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: