Nigeria Amplifies Infrastructure Story

Nigeria Amplifies Infrastructure Story

Businessmen need added endurance in Nigeria. Of the 189 countries tallied by the World Bank in its Doing Business survey, the country ranks at 169. But aggregate data obscures reasonable deal flow, both here and in other emerging markets. Critics should give the Nigerian government credit for finishing a 187-kilometer rail link between Abuja and Kaduna after years of setbacks. President Buhari inaugurated the route this week; it paves the way for development of a key economic corridor. Importantly, the work was completed with the support of Chinese capital, spotlighting an altogether different risk-return threshold than seen among most Western institutions.

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