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Nigeria Freight Transport and Shipping Report 2018

Nigeria Freight Transport and Shipping Report 2018

BMI View:

The ongoing recovery in Brent crude oil, which our Oil & Gas team forecast will rise to a y-o-y average of USD75/bbl in2019 after averaging USD65.0/bbl in 2018, will support oil exports, and government revenues for the oil dependent-country.Further growth will come from the non-oil sector. We expect private spending to receive a boost from a slow down in the inflationrate and easing dollar shortages.While the bulk of the recovery in Nigeria's total trade volumes in 2018 will be driven by the oil sector- both in real and nominal terms - we expect that a loosening of exchange rate policy and capital controls will see other sectorsbegin to recover, bolstering support for freight transport services.

BMI Industry View
Industry Forecast
Trade Forecast
Road Freight Forecast
Rail Freight Forecast
Air Freight Forecast
Shipping Forecast
Market Overview
Company Profile
Arik Air (Cargo)
Demographic Forecast
Demographic Outlook

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