The banking sector is already saturated, but opportunities exist within the sector, especially in Fintechs.

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Nigeria remained underserved in payment, lending, insurance and other financial service Tech focused areas.

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Business with strong digital offerings and strategic business diversifications are positioned to thrive

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The anticipated macroeconomic recovery will improve consumer spending, allow Consumer goods companies to increase production volumes and lines.

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Global commodity prices will decline in 2023, thus input cost will be lower. This is expected to be a positive implication for margins.

Source: GMB Research

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Nigeriagenerates62,000,000tonsofwasteannuallyoutofwhichonly20%-30%arecollectedandthisisduetothedifficultyofeffectivelycollectingwastefromhouseholds,hospitalsandevencommercialcentres

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Recyclingbusinesssuchasbatteryrecycling,plasticRecycling,paperrecycling,aluminiumandCanrecycling,wastesharingmobileappcanthriveinNigeriaifpropermethodsarebeenputintowastecollectionprocedures

RECYCLING

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AFDB special agro-industrial processing zones will reduce transaction costs and drive productivity for investors and enterprise.

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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.

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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