In 2015, Nigeria started seeing the vivid effects of the crash in oil prices and from all indications this trend will continue. Notwithstanding this fact, Nigeria remains a huge market with abundant natural and human resources which presents an increasingly attractive market for discerning businessmen.

As Nigeria’s economic structure diversifies to overcome dependency on oil, the field is becoming open for other sectors which were neglected before now and opening up the market for a new generation of entrepreneurs in Nigeria who can identify business opportunities in Nigeria.

A quick way to stimulate the economy is to create an enabling environment with right incentives for Small and Medium Scale Enterprises (SMEs) who form the backbone of the private sector and account for over 50% of employment. The Government of Muhammadu Buhari realizes this fact and have started rolling out plans on how to stimulate the economy across all sectors from 2016. Based on our review of economic indices and proposed Government Policies, we have now highlighted three sectors that will drive the Nigerian economy in 2016.

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