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Nigeria to Invest up to $20 Billion in Nationwide Infrastructure Plans, an Industrial Info Market Brief

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Industry Segment: Market Brief | Word Count: 120 Words

Nigeria's main cement producers, such as Dangote and Lafarge, have seen a rise in their earnings due to strong demand. Although sustained consumption growth is forecast for the near term, the main challenge lies in the form of high logistics costs.

The outlook for the cement market remains favorable and positive. In order to bridge gaps in transport and utilities, Nigeria is set to invest up to $20 billion in nationwide infrastructure plans over the next decade, paving the way for broad-based economic expansion in accordance to meet the rising cement consumption by 2020.

Industrial Info is tracking 13 capital cement projects in Nigeria with total investment value of $1.86 billion. Click here for a list.

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