Business in Nigeria: The past year was, perhaps, the most challenging period in the history of Nigerian businesses because it was characterised by policy flip-flops and poor market cohesion but in spite of 2016 challenges, one word stands tall in 2017: Opportunity. This year, like other years gone by, presents a number of opportunities as well as challenges.
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Some businesses are bound to struggle while others will thrive. Some might die while many would still be birthed. However, Nigerians are encouraged to tap into a number of opportunities that abound locally. Importation is highly discouraged this year owing to the persisting dollar crunch and the possibility that the present administration will put more policies in place to discourage dollar outflows and import.
Hence, the need for us to look inward and invest in our country. Below are 6 profitable and sustainable businesses Nigerians can do this year: