The Most Industrialised State In Nigeria - Politics (3) - Nairaland
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| Re: The Most Industrialised State In Nigeria by MXrep: 12:47pm On Jan 03, 2016 |
princemillla:U are making a big mistake if u are considering GDP alone. U should rather consider GDP per capita. Read this research and pay attention to the bolded Nigeria’s retail and wholesale trade industry has the potential to grow by 7.1% per year, and by 2030 could be the largest contributor to the country’s GDP, according to recent report by McKinsey Global Institute. Sales of packaged food and beverages are expected to grow by 6.8% a year, contributing around 85% of the growth in consumer goods. The report, Nigeria’s renewal: Delivering inclusive growth in Africa’s largest economy, estimates that demand for consumer goods could more than triple by 2030. The largest economy in Africa is seeing a rising consumer class, creating a notable opportunity for manufacturers and retailers of fast-moving consumer goods such as food, beverages and personal and health products. Currently consumption is estimated at US$388bn a year but is expected to rise to $1.4tr in 2030, with 35m households earning over $7,500 a year. “Based on data from other economies on how consumption changes with rising incomes, we see demand in Nigeria poised to accelerate in such categories as fruit juices,” illustrates the report. “Capturing emerging consumer demand, however, will require smart choices about where, when, and how to enter Nigerian markets. It will also require specific capabilities that international companies especially may need to develop.” One strategy for consumer facing companies in Nigeria is to adopt a city and regional approach, as opposed to a nationwide approach where distinct differences in culture, demographics and wealth exist. While Lagos, with an estimate of 15m residents, may be the go-to city for companies targeting consumers, McKinsey suggests three regional clusters of cities that together produce sizable populations to rival Lagos. “Companies playing in all three of these clusters could target 20% more households earning above $7,500 than in Lagos,” notes the research. A six city cluster around the Niger Delta in the southeast Port Harcourt, Warri, Benin City, Aba, Enugu and Onitsha make up the six city southeast cluster. Its proximity to oil wells has led the region to be a hub of activity for oil companies and foreign investment . According to the report, total GDP in this cluster alone is $63bn, which is a close rival to Lagos’s GDP of $68bn, despite having far fewer households. Both Port Harcourt and Aba have considerably higher consumption per capita than Lagos. Port Harcourt, followed by Benin City, Onitsha and Aba have the largest populations within the cluster. Companies looking to target the luxury segment might want to especially consider Port Harcourt, the capital of Rivers State, which has the highest consumption per capita in the country ($6,843 in 2013). The city has one of the largest consuming middle classes in Nigeria with household incomes between $20,000 and $70,000 a year. It has access to two of the country’s busier ports and is home to the Port Harcourt Airport. Ibadan, Ogbomosho and Ilorin, just north of Lagos These three cities are within close proximity to Lagos. Ibadan (the capital of Oyo State) is the second largest city after Lagos, and has a fast- growing consumer market. While Lagos has over four times the number of households as Ibadan, consumption per capita of Ibadan in 2013 was $4,562, rivalling Lagos’s $4,710. Ibadan also has a large emerging consumer class with annual household incomes of between $7,500 and $20,000, and one of the larger consuming middle classes in the country with incomes between $20,000 and $70,000 a year. According to a recent African Development Bank (AfDB) report, Tracking Africa’s Progress in Figures, Ibadan is one of the top 10 fastest growing cities in Africa. Northern corridor cluster of Kano, Zaria and Kaduna This cluster holds potential for consumer businesses looking for sizable populations in northern Nigeria. Kano is the fourth largest city in Nigeria, and Kaduna the seventh biggest. This year, South African retailer Shoprite launched its first outlet in Kano, while Massmart opened a Game store just before June. Despite the potential security risk posed by Islamic militants in the region, Massmart’s Africa director Mark Turner said at the Reuters Africa Summit in April: “I always want to be bold enough to say, you can’t be in Nigeria without being in Kano.” 4 Likes 1 Share |
| Re: The Most Industrialised State In Nigeria by MXrep: 12:49pm On Jan 03, 2016 |
princemillla:U are making a big mistake if u are considering GDP alone. U should rather consider GDP per capita. Read this research and pay attention to the bolded Nigeria’s retail and wholesale trade industry has the potential to grow by 7.1% per year, and by 2030 could be the largest contributor to the country’s GDP, according to recent report by McKinsey Global Institute. Sales of packaged food and beverages are expected to grow by 6.8% a year, contributing around 85% of the growth in consumer goods. The report, Nigeria’s renewal: Delivering inclusive growth in Africa’s largest economy, estimates that demand for consumer goods could more than triple by 2030. The largest economy in Africa is seeing a rising consumer class, creating a notable opportunity for manufacturers and retailers of fast-moving consumer goods such as food, beverages and personal and health products. Currently consumption is estimated at US$388bn a year but is expected to rise to $1.4tr in 2030, with 35m households earning over $7,500 a year. “Based on data from other economies on how consumption changes with rising incomes, we see demand in Nigeria poised to accelerate in such categories as fruit juices,” illustrates the report. “Capturing emerging consumer demand, however, will require smart choices about where, when, and how to enter Nigerian markets. It will also require specific capabilities that international companies especially may need to develop.” One strategy for consumer facing companies in Nigeria is to adopt a city and regional approach, as opposed to a nationwide approach where distinct differences in culture, demographics and wealth exist. While Lagos, with an estimate of 15m residents, may be the go-to city for companies targeting consumers, McKinsey suggests three regional clusters of cities that together produce sizable populations to rival Lagos. “Companies playing in all three of these clusters could target 20% more households earning above $7,500 than in Lagos,” notes the research. A six city cluster around the Niger Delta in the southeast Port Harcourt, Warri, Benin City, Aba, Enugu and Onitsha make up the six city southeast cluster. Its proximity to oil wells has led the region to be a hub of activity for oil companies and foreign investment . According to the report, total GDP in this cluster alone is $63bn, which is a close rival to Lagos’s GDP of $68bn, despite having far fewer households. Both Port Harcourt and Aba have considerably higher consumption per capita than Lagos. Port Harcourt, followed by Benin City, Onitsha and Aba have the largest populations within the cluster. Companies looking to target the luxury segment might want to especially consider Port Harcourt, the capital of Rivers State, which has the highest consumption per capita in the country ($6,843 in 2013). The city has one of the largest consuming middle classes in Nigeria with household incomes between $20,000 and $70,000 a year. It has access to two of the country’s busier ports and is home to the Port Harcourt Airport. Ibadan, Ogbomosho and Ilorin, just north of Lagos These three cities are within close proximity to Lagos. Ibadan (the capital of Oyo State) is the second largest city after Lagos, and has a fast- growing consumer market. While Lagos has over four times the number of households as Ibadan, consumption per capita of Ibadan in 2013 was $4,562, rivalling Lagos’s $4,710. Ibadan also has a large emerging consumer class with annual household incomes of between $7,500 and $20,000, and one of the larger consuming middle classes in the country with incomes between $20,000 and $70,000 a year. According to a recent African Development Bank (AfDB) report, Tracking Africa’s Progress in Figures, Ibadan is one of the top 10 fastest growing cities in Africa. Northern corridor cluster of Kano, Zaria and Kaduna This cluster holds potential for consumer businesses looking for sizable populations in northern Nigeria. Kano is the fourth largest city in Nigeria, and Kaduna the seventh biggest. This year, South African retailer Shoprite launched its first outlet in Kano, while Massmart opened a Game store just before June. Despite the potential security risk posed by Islamic militants in the region, Massmart’s Africa director Mark Turner said at the Reuters Africa Summit in April: “I always want to be bold enough to say, you can’t be in Nigeria without being in Kano.” 2 Likes |
| Re: The Most Industrialised State In Nigeria by MXrep: 12:51pm On Jan 03, 2016 |
princemillla:U are making a big mistake if u are considering GDP alone. U should rather consider GDP per capita. Read this research and pay attention to the bolded Nigeria’s retail and wholesale trade industry has the potential to grow by 7.1% per year, and by 2030 could be the largest contributor to the country’s GDP, according to recent report by McKinsey Global Institute. Sales of packaged food and beverages are expected to grow by 6.8% a year, contributing around 85% of the growth in consumer goods. The report, Nigeria’s renewal: Delivering inclusive growth in Africa’s largest economy, estimates that demand for consumer goods could more than triple by 2030. The largest economy in Africa is seeing a rising consumer class, creating a notable opportunity for manufacturers and retailers of fast-moving consumer goods such as food, beverages and personal and health products. Currently consumption is estimated at US$388bn a year but is expected to rise to $1.4tr in 2030, with 35m households earning over $7,500 a year. “Based on data from other economies on how consumption changes with rising incomes, we see demand in Nigeria poised to accelerate in such categories as fruit juices,” illustrates the report. “Capturing emerging consumer demand, however, will require smart choices about where, when, and how to enter Nigerian markets. It will also require specific capabilities that international companies especially may need to develop.” One strategy for consumer facing companies in Nigeria is to adopt a city and regional approach, as opposed to a nationwide approach where distinct differences in culture, demographics and wealth exist. While Lagos, with an estimate of 15m residents, may be the go-to city for companies targeting consumers, McKinsey suggests three regional clusters of cities that together produce sizable populations to rival Lagos. “Companies playing in all three of these clusters could target 20% more households earning above $7,500 than in Lagos,” notes the research. A six city cluster around the Niger Delta in the southeast Port Harcourt, Warri, Benin City, Aba, Enugu and Onitsha make up the six city southeast cluster. Its proximity to oil wells has led the region to be a hub of activity for oil companies and foreign investment . According to the report, total GDP in this cluster alone is $63bn, which is a close rival to Lagos’s GDP of $68bn, despite having far fewer households. Both Port Harcourt and Aba have considerably higher consumption per capita than Lagos. Port Harcourt, followed by Benin City, Onitsha and Aba have the largest populations within the cluster. Companies looking to target the luxury segment might want to especially consider Port Harcourt, the capital of Rivers State, which has the highest consumption per capita in the country ($6,843 in 2013). The city has one of the largest consuming middle classes in Nigeria with household incomes between $20,000 and $70,000 a year. It has access to two of the country’s busier ports and is home to the Port Harcourt Airport. Ibadan, Ogbomosho and Ilorin, just north of Lagos These three cities are within close proximity to Lagos. Ibadan (the capital of Oyo State) is the second largest city after Lagos, and has a fast- growing consumer market. While Lagos has over four times the number of households as Ibadan, consumption per capita of Ibadan in 2013 was $4,562, rivalling Lagos’s $4,710. Ibadan also has a large emerging consumer class with annual household incomes of between $7,500 and $20,000, and one of the larger consuming middle classes in the country with incomes between $20,000 and $70,000 a year. According to a recent African Development Bank (AfDB) report, Tracking Africa’s Progress in Figures, Ibadan is one of the top 10 fastest growing cities in Africa. Northern corridor cluster of Kano, Zaria and Kaduna This cluster holds potential for consumer businesses looking for sizable populations in northern Nigeria. Kano is the fourth largest city in Nigeria, and Kaduna the seventh biggest. This year, South African retailer Shoprite launched its first outlet in Kano, while Massmart opened a Game store just before June. Despite the potential security risk posed by Islamic militants in the region, Massmart’s Africa director Mark Turner said at the Reuters Africa Summit in April: “I always want to be bold enough to say, you can’t be in Nigeria without being in Kano.” https://www.nairaland.com/1843922/consumer-potential-three-nigerian-city 2 Likes |
| Re: The Most Industrialised State In Nigeria by Freegift75: 12:52pm On Jan 03, 2016 |
www.thenewsnigeria.com.ng/2014/08/ogun-state-nigerias-new-industrial-hub/ No one except OGUN What most people don't know is that some locations people refer to as part of Lagos are in boundary of Ogun State e.g part of OJODU BERGER 4 Likes 1 Share |
| Re: The Most Industrialised State In Nigeria by YoruBanger: 1:01pm On Jan 03, 2016 |
princdebola201: https://www.nairaland.com/2322312/ogun-state-nigerias-emerging-industrial  END OF DISCUSSION! Cc: MXrep. 2 Likes 1 Share
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| Re: The Most Industrialised State In Nigeria by Nobody: 1:05pm On Jan 03, 2016 |
playerinc:have u been 2 Ogun bf? if No, remove dis Aba made comment u posted above. Chestbeating is a crime. 19 Likes 1 Share |
| Re: The Most Industrialised State In Nigeria by Flyoruboy(m): 1:07pm On Jan 03, 2016 |
How many times will this issue be over flogged? It's been settled long ago. http://www.vanguardngr.com/2013/06/why-more-companies-are-moving-to-ogun/ Guy, didn't you get the memo? According to this Nnewi guy, Igbos have lost the plot in Commerce and Industry: http://www.vanguardngr.com/2015/06/rivers-state-others-have-overtaken-s-east-in-commerce-industry/ Lol. Even Jonathan himself said it that the SW controls 55% of Nigeria's economy. Excerpts:
And he wasn't lying when you consider the indices from Manufacturers Association of Nigeria's last report as follows: The SW virtually controls/accounts for atleast 70% of industrial activity in Nigeria.
23 Likes 3 Shares |
| Re: The Most Industrialised State In Nigeria by bofoy(m): 1:14pm On Jan 03, 2016 |
Akwa ibom should be among the first five if not it a lie we get companies at eket , uyo , ikot ekpene and oron 1 Like 1 Share |
| Re: The Most Industrialised State In Nigeria by bofoy(m): 1:15pm On Jan 03, 2016 |
Akwa ibom should be among the first five if not it a lie we get companies at eket , uyo , ikot ekpene and oron
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| Re: The Most Industrialised State In Nigeria by Nobody: 1:28pm On Jan 03, 2016 |
Kano should be |
| Re: The Most Industrialised State In Nigeria by rubochi(m): 1:30pm On Jan 03, 2016 |
.... so you mean Innocent Vehicles are manufactured in Ogun, Okeeeeeeyyyy |
| Re: The Most Industrialised State In Nigeria by rubochi(m): 1:31pm On Jan 03, 2016 |
.... so you mean Innoson Vehicles are manufactured in Ogun, Okeeeeeeyyyy |
| Re: The Most Industrialised State In Nigeria by OrlandoOwoh(m): 1:32pm On Jan 03, 2016 |
Ogun State. 1 Like |
| Re: The Most Industrialised State In Nigeria by omonnakoda: 1:32pm On Jan 03, 2016 |
EasternActivist:Name their products? We are interested in products that people know and see everyday not the drones and aircraft carriers sold to the US Army at Onitsha makate From Ogun we know Dangote,Eagle cement, P&G ,Gee pee Plaastics,Intercontinental distillers,Nestle,May and Baker, Tower Aluminium etc 13 Likes 2 Shares |
| Re: The Most Industrialised State In Nigeria by NobleAngell(f): 1:33pm On Jan 03, 2016 |
Taraba state. But can't find it among the listed states. |
| Re: The Most Industrialised State In Nigeria by HRich(m): 1:33pm On Jan 03, 2016 |
princdebola201:Akwa ibom |
| Re: The Most Industrialised State In Nigeria by harjiboye(m): 1:34pm On Jan 03, 2016 |
jaymejate:YES u get it 1 Like |
| Re: The Most Industrialised State In Nigeria by wasiudvd(m): 1:35pm On Jan 03, 2016 |
asorocker:Bro, I have been to the two states u mentioned in ur post. they av no industry when compared to Ogun. do some research. 6 Likes 1 Share |
| Re: The Most Industrialised State In Nigeria by HRich(m): 1:35pm On Jan 03, 2016 |
omonnakoda:.... so you mean Innoson Vehicles are manufactured in Ogun, Okeeeeeeyyyy 2 Likes |
| Re: The Most Industrialised State In Nigeria by ojnnaco(m): 1:35pm On Jan 03, 2016 |
jaymejate:Gbam!!!!! |
| Re: The Most Industrialised State In Nigeria by Omeny: 1:36pm On Jan 03, 2016 |
princdebola201: Guy forget that tin! If Kaduna is there, Akwa Ibom is there, I swear Onitcha,Nnewi and the rest should have at list made Anambara to be in that list! 3 Likes |
| Re: The Most Industrialised State In Nigeria by scholes0(m): 1:37pm On Jan 03, 2016 |
What is Akwa Ibom doing there? Even Oyo has more industries than Akwa Ibom, outside Oil and Gas. Replace Akwa Ibom with Anambra Abeg. 2 Likes |
| Re: The Most Industrialised State In Nigeria by hotgunz(m): 1:37pm On Jan 03, 2016 |
TedBaker:u sch in abk u reside in north u b mumu, hv u gone to sango ota b4? 3 Likes 1 Share |
| Re: The Most Industrialised State In Nigeria by Lipzlikeshugar(f): 1:37pm On Jan 03, 2016 |
Nellybank:care to explain how akwa ibom state 'lost' every thing as u claimed? are you even in Akwaibom or you are just trying to score some cheap points? 1 Like |
| Re: The Most Industrialised State In Nigeria by wristbangle: 1:38pm On Jan 03, 2016 |
TedBaker: Shame no dey catch u bro? Ah ahn Nestle PZcusson Nestoil SoKlin International Distillers Ltd Aggreko plc NBPLC Indomie ETC... Chai E too much oo 4 Likes 3 Shares |
| Re: The Most Industrialised State In Nigeria by Nobody: 1:41pm On Jan 03, 2016 |
princdebola201: And Anambra state is not there. Travel, una no go gree travel. Just dey one place drawing polls. The three most industrialized states in Nigeria are Lagos, Anambra and Ogun states.. I have visited all the aforementioned by you. 6 Likes 1 Share |
| Re: The Most Industrialised State In Nigeria by Omeny: 1:41pm On Jan 03, 2016 |
princemillla: I concur with u Boss! Ogun will keep having that advantage through Lagos being former Nigeria FCT! 2 Likes 2 Shares |
| Re: The Most Industrialised State In Nigeria by teebaxy(m): 1:41pm On Jan 03, 2016 |
Nellybank:Is Godswill an Industry? |
| Re: The Most Industrialised State In Nigeria by Nobody: 1:41pm On Jan 03, 2016 |
EasternActivist: nawa o Industries and you named "sole proprietorships" that are sitting on one plot of land? The OP should even give a standard of what he means by INDUSTRY. Aba is highly commercial, we used to have industries but bad governance, security issues (kidnappers) chased lots of them away. I pray this new government favours us. Anambra is more acceptable, not Aba. 4 Likes 1 Share |
| Re: The Most Industrialised State In Nigeria by Jalinco: 1:43pm On Jan 03, 2016 |
princdebola201:IPOB and MASSOB are the biggest employer of labour in Abia state 5 Likes 2 Shares |
| Re: The Most Industrialised State In Nigeria by NOETHNICITY(m): 1:43pm On Jan 03, 2016 |
asorocker:And yet ur brothers will be screaming maginalisation and unemployement! The question now is what do dey really want! 8 Likes |
| Re: The Most Industrialised State In Nigeria by Jabioro: 1:43pm On Jan 03, 2016 |
TedBaker:Ogun has a lot of industry. Agbara,,Sango,Odoguyan and alot of area 4 Likes 1 Share |
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