Nigeria'S Retail Industry Has Bright Prospects For Development.

According to Rand

(RMB) a recent research report said that Nigeria, Egypt and Ethiopia ranked the top 3 in the current retail investment prospects of African countries, while Congo (gold) and Libya ranked fourth and fifth respectively, while South Africa ranked fifteenth.

The main basis for this ranking includes the state.

And growth rate, per capita GDP, urbanization rate and so on.

The report states that the above countries are

Seeking investment in Africa provides better markets and opportunities.

In the next few years, as people's income level continues to rise, the market will change more and more clearly, especially Nigeria has 170 million people. It is Africa's largest population and Africa's largest economy.

According to the report, Africa's disposable income will grow at an average annual rate of 5.5% by 2030.

Sellers, economic analyst at Rand commercial bank, says the trend of population growth is an important factor in driving more business opportunities for retailers. Africa has the world's youngest population structure, and if these people are able to get jobs, there is no doubt that it will bring huge productivity.

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