​The optimism of the Nigerian consumer
The slowdown in GDP growth, the rising pressure on household budgets and the narrative of listed companies would suggest dull prospects for consumer goods companies in Nigeria. We were surprised therefore by the findings of the first edition of Africa’s Prospects, a quarterly report from Nielsen on the 26 sub-Saharan African countries which make up 93% of the regional economy. Released in August, it is drawn on its surveys in Q1 2015 and unpublished series of data from the 18 previous months. The surprise lies in Nigeria’s position as head of the table constructed from macroeconomic, business, consumer and retail factors.
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