Retail Market in Nigeria is transforming
Invest in the fast transforming retail market in Nigeria. Retail in Africa is transforming especially in such countries like Gabon, Nigeria, Rwanda, etc. With huge and growing population estimated at about 1 billion, growing urbanization and growing middle class, strong GDP growth rate of about 3%, rising disposable incomes and consumer spending, Africa has become a viable and good investment destination for international retail investment with Nigeria playing a key role.
The retailing sector in Nigeria, Africa’s largest economy continues to expand, with value sales increasing strongly and faster than real GDP. Growth is being fuelled by the increase in the size of the Nigerian population (particularly in urban areas) estimated at about 209 million and growing at about 2% annually and projected to be about 400 million by 2050. Other factors are increasing disposable incomes among some segments of the population, the drive by some retailers to ‘modernise‘ retailing and encouraging government policies such as "cashless economy".
Retail in Nigeria is projected to grow at 12.5% CAGR… and Formal Retail will double in 5 years! Retail in Nigeria is beaming with potentials and opportunities.
Nigeria is Open for Business
Given the ongoing transformation of the Nigeria Retail Landscape, huge opportunities are open to retailers, investors and service providers to exploit in the market. Such areas for consideration includes;
- Direct Investment
- Human Capacity Development
Seamless Entry into Nigeria…Bervidson will lead you in!!!
For Retailers, Investors and Service Providers seeking to leverage these opportunities, Bervidson has the local knowledge, expertise and network to facilitate your seamless entry into the Nigerian market;
- Feasibility Studies & Entry Strategy Advisory
- Government Liaison
- Background Checks/Investigations
- Legal Advisory
- Financial Advisory, Local Partnerships and SPVs
- Real Estate Support
- Human Capital Support
We have worked with more than 50 companies (including Fortune 500 companies) in Nigeria. International retailers partner with us to deliver strategies that drive growth, create competitive advantage, unlock profit and value-creation opportunities, and mitigate risk from doing business in Nigeria or with Nigerians. We work with clients across a variety of strategic issues to deliver actionable insights that lead to high-impact results.
Thinking of investing in one of the world’s fastest growing economies and Africa’s biggest economy and benefit from the size and growth inherent in the Nigerian opportunity, the time to act is now.