The Nigerian PPP Framework

...the paradox of the Nigerian economy • . • Nigeria's potential for economic development is stymied by a huge infrastructure deficit, particularly in transport and power. Nigeria is the 13th largest oil and gas producer, yet lacks fuel to generate electricity The cost of doing business in South Africa is 2% of sales compared to 16% in Nigeria (World Bank). Most of these on-costs are infrastructure related. Agriculture contributed over 40% of real GDP 2007 and 45% of real GDP growth in 2008, whereas oil and gas respectively contributed only 18% and 6 per cent. Manufacturing represents only 4% of real GDP and manufactured goods account for 25% of the total value of imports compared to 1% for petroleum products.

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