Plunging fuel prices have forced Africa’s largest economy to look beyond oil now more than ever to avoid the threat of recession and spur economic growth. An
increasingly diversified portfolio has created a wave
of projects ranging from infrastructure to mining—
and an increased demand for project talent.
“The project management profession has become
so popular over the past five years that a huge number of professionals are switching careers to join the
field,” says Oluwatosin Agbetusin, PMI-SP, PMP,
PgMP, director, consulting and systems integration
programs, PMI Global Executive Council member
Ericsson, Lagos, Nigeria.
President Muhammadu Buhari’s government has
kick-started project funding, approving a three-year
federal budget in May with a record NGN1.6 trillion
slated for capital projects—triple the government
expenditure of the previous budget. The country
also is seeking US$7 billion in foreign investment
for projects to build a more robust mining industry.
Nigeria’s National Bureau of Statistics predicts
that the project spending spree—along with a focus
on cutting wasteful spending—will spark an annual
average of 5. 4 percent expansion between 2017 and
2020. More projects in the pipeline mean more hiring of project talent. “There are currently more project management jobs available than experienced
professionals to fill them,” says Mr. Agbetusin.
But as the profession matures in Nigeria, so do
More Than Oil
AT A GLANCE
Watch: IT, telecommunications,
Traffic on the move
in Lagos, Nigeria