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Nigeria’s Construction Sector Crashed by 8% in 2020, to Grow by 4% this Year Nigeria’s Construction Sector Crashed by 8% in 2020, to Grow by 4% this Year Following last year’s 7.7 per cent decline, Nigeria’s construction industry is expected to grow by at least 3.9% this 2021. Industry watchers however, say the decline was as a result of some containment measures and disruption caused by the COVID-19 pandemic. During the decline period, there was also a steep decline in oil and gas prices, which accounts for around 65% of the West African country government’s revenues, worsened the situation by further curtailing expenditure power on infrastructure. ....
Nigeriaâs construction industry is due to grow by 3.9% in 2021 after a 7.7% decline in 2021, according to economic analyst GlobalData. The fall was caused by Covid-19 restrictions and a drop in demand for oil and gas, which accounts for 65% of government revenues. Nigeriaâs construction market is due to increase 3.2% annually between 2022 and 2025, supported by state investment in the infrastructure and energy sector. To oversee infrastructure investment, the government has created Infra-Co, a $2.7bn fund backed by the central bank, the Nigerian Sovereign Investment Authority and the Africa Finance Corporation. Growth will also be helped by the 2021 Appropriation Bill, which provides a road map for the countryâs post-Covid-19 economic recovery. ....
GlobalData: Nigeria's construction industry to recover and grow by 3.9% in 2021 worldcement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcement.com Daily Mail and Mail on Sunday newspapers.
श्रीनु बुगथा, सुधा सिंग दिल्ली मॅरेथॉन विजेते tarunbharat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tarunbharat.com Daily Mail and Mail on Sunday newspapers.
Srinu Bugatha, Sudha Singh win New Delhi Marathon Srinu Bugatha, Sudha Singh win New Delhi Marathon NEW DELHI: Srinu Bugatha clocked a personal best to comfortably win the sixth edition of the Ageas Federal Life Insurance New Delhi Marathon while Asian Games gold medallist Sudha Singh bagged the top honours in the women’s category, here on Sunday. Bugatha clocked a personal best of 2 hours 14 minutes and 59 seconds which was shy of the 2 hours 11 minutes and 30 seconds that he was targeting to earn himself a run in the Tokyo Olympics. Sudha, who was aiming for her own hat-trick of Olympic appearances, won the women’s title in 2:43:41. That was, however, off the national record of 2:30.00 which would have earned her a ticket to Tokyo. ....