Philip Balami YaroCEO - Cakasa
Nigeria is “West Africa’s unrivalled economic powerhouse”, and ongoing reforms are unleashing its huge potential, according to a 2018 report by professional services company Deloitte. The report highlighted the strength with which the Nigerian economy rebounded from the 2015-16 slowdown, with foreign direct investment soaring to €17bn in 2017.
Following the covid-19 pandemic, Nigeria it is well-placed for a resurgence - with the oil and gas industry again a key economic driver. The sector accounts for around 10% of GDP, and petroleum export revenues alone account for 86% of total export earnings, according to OPEC.It is also a major driver of foreign investment, and for nearly fi ve decades, international investors have sought out EPC leader Cakasa as a partner in the Nigerian hydrocarbon industry. Founded in 1974, the company counts Exxon, Chevron, NLNG, NNPC, ITT Goulds Pumps, and TechnipFMC among the companies it has worked with.