Since the reintroduction of democracy in Nigeria in 1999, the Consumer &
Industrial Products and Services sector has shown considerable growth as government
policies (allied with increasing oil prices) channel more cash to consumers.
The advent of a democratic government has led to a more business friendly environment
and privatisation policies have led to an increase in the size of the private
sector in the country.
The sector faces many challenges caused by the environment in Nigeria such
as poor infrastructure, poor standards of education, high levels of corruption
and a generally low level of disposable income of the population. There is little
manufacturing for export, but a significant activity exists in the manufacture
of fast moving consumer goods aimed at the domestic market. Primary industries
such as steel and aluminium production exist in the country, although production
is currently very low. The government is actively attempting to privatise and
regenerate such industries and has already successfully privatised cement production.
In recent years, multinational corporations have increased their investment
in physical plants, information technology and staff training with a view to
improving their operational performance. There has also been new foreign direct
investment in telecommunications, tobacco, cement manufacture and the brewing
and beverage sectors.
The privatisation of the telecommunications industry has increased the availability
of telephone services by a factor of four in recent years, mainly by the award
of licenses to GSM operators.
PricewaterhouseCoopers is actively providing a wide range of services to the
leading companies across all sub-sectors of the Nigerian consumer & industrial
products and services sector. These include:
- Breweries and beverages
- Chemicals
- Construction
- Consumer goods
- Hospitality
- Media
- Metals processing
- Packaging
- Pharmaceuticals
- Property
- Telecommunications
PricewaterhouseCoopers
252E Muri Okunola Street
Victoria Island
Lagos,
Nigeria
Tel: [+234] (1) 2711700, 2703101
Fax: [+234] (1) 2703109
