The banking sector is already saturated, but opportunities exist within the sector, especially in Fintechs.
Nigeria remained underserved in payment, lending, insurance and other financial service Tech focused areas.
Business with strong digital offerings and strategic business diversifications are positioned to thrive
The anticipated macroeconomic recovery will improve consumer spending, allow Consumer goods companies to increase production volumes and lines.
Global commodity prices will decline in 2023, thus input cost will be lower. This is expected to be a positive implication for margins.
Nigeriagenerates62,000,000tonsofwasteannuallyoutofwhichonly20%-30%arecollectedandthisisduetothedifficultyofeffectivelycollectingwastefromhouseholds,hospitalsandevencommercialcentres
Recyclingbusinesssuchasbatteryrecycling,plasticRecycling,paperrecycling,aluminiumandCanrecycling,wastesharingmobileappcanthriveinNigeriaifpropermethodsarebeenputintowastecollectionprocedures
AFDB special agro-industrial processing zones will reduce transaction costs and drive productivity for investors and enterprise.
Nigeria is one of the largest producers of various high-demand cash crops, however it has imported food and agricultural products worth $537 million from the US alone over the past 5 years.
There are various opportunities to produce value-add agricultural products like intermediate food products (vegetable oils and animal fats), consumer-oriented products (processed vegetables, wine, dairy products etc), and fish products, biopharma and cosmetics plants