Bayo Rotimi - Entrepreneurship: Balancing The Risk & Opportunities Of Playing In Nigerian SME Space

<p>The banking sector is already saturated, but opportunities exist within the sector, especially in Fintechs.</p> <p>•</p> <p>Nigeria remained underserved in payment, lending, insurance and other financial service Tech focused areas.</p> <p>•</p> <p>Business with strong digital offerings and strategic business diversifications are positioned to thrive</p> <p><br></p> <p>•</p> <p>The anticipated macroeconomic recovery will improve consumer spending, allow Consumer goods companies to increase production volumes and lines.</p> <p>•</p> <p>Global commodity prices will decline in 2023, thus input cost will be lower. This is expected to be a positive implication for margins.</p> <p>Source: GMB Research</p> <p><br></p> <p>•</p> <p>Nigeriagenerates62,000,000tonsofwasteannuallyoutofwhichonly20%-30%arecollectedandthisisduetothedifficultyofeffectivelycollectingwastefromhouseholds,hospitalsandevencommercialcentres</p> <p>•</p> <p>Recyclingbusinesssuchasbatteryrecycling,plasticRecycling,paperrecycling,aluminiumandCanrecycling,wastesharingmobileappcanthriveinNigeriaifpropermethodsarebeenputintowastecollectionprocedures</p> <p>RECYCLING</p> <p>•</p> <p>AFDB special agro-industrial processing zones will reduce transaction costs and drive productivity for investors and enterprise.</p> <p>•</p> <p>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.</p> <p>•</p> <p>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</p>