The Federal Capital Territory Administration (FCTA) has designated Oxford Business Group (OBG) as the intelligence firm to produce detailed analysis that will explore the economic expansion under way in Nigeria’s capital city and the opportunities available there for investors.
The first-time publication will provide details of the role that the city is playing in promoting economic diversification in Nigeria.
Abuja’s changing economic landscape will also be the subject of a special analysis in The Report: Nigeria 2018, OBG’s forthcoming publication on the country’s economy.
The research will look at the city’s competitive advantages, which range from robust infrastructure and established transport links to its status as a national and regional hub for high-profile organisations such as ECOWAS or AFREXIM Bank.
It will also provide details of the sectors of the economy that are ripe for investment, such as real estate, infrastructure, conference tourism, ICT and manufacturing, among others.
FCT Minister, Mohammad Musa Bello, said he looked forward to working with OBG’s team on the research and relaying Abuja’s potential to the international business community.
“Abuja is at the forefront of Nigeria’s efforts to diversify its economy, which is producing a broad range of openings across the sectors,” he said. “Oxford Business Group’s reports on emerging markets are known to be an essential point of reference for decision-makers worldwide. I’m delighted to be supporting this important project, which I’m sure will prove pivotal in highlighting the many exciting investment opportunities that our city has to offer.”
OBG’s project manager Andrea Tsiachtsiri added that while Abuja was indeed helping to lead Nigeria out of recession and in a new economic direction, the city’s achievements were not always given the coverage they merited.
“As Nigeria’s metropolis, Lagos tends to be given a higher profile on international platforms, despite the significant development taking place in Abuja,” She said. “I’m thrilled that our collaboration with the Federal Capital Territory Authority of Abuja will allow us to address this imbalance by providing investors with the information they need on this expanding hub at a key juncture in Nigeria’s economic recovery.”
Oxford Business Group is a global research and consultancy company with a presence in over 30 countries, from Africa, Asia and the Middle East to the Americas. A distinctive and respected provider of on-the-ground intelligence on many of the world’s fastest growing markets, OBG has offices in London, Berlin, Dubai and Istanbul, and a network of local bureaus across the countries in which we operate.