The Nigerian economy has been experiencing naira devaluation in recent years, which has posed significant challenges for businesses of all sizes. Lekki, a bustling commercial hub in Lagos, is not immune to these challenges. However, there are several strategies that Lekki businesses can adopt to survive and even thrive in this environment.

Diversify your revenue streams

One of the best ways to mitigate the risk of naira devaluation is to diversify your revenue streams. This means relying on multiple sources of income, such as selling different products or services, catering to different customer segments, or expanding into new markets. Lekki businesses can consider offering a wider range of products or services, expanding their customer base to include international clients, or exploring opportunities in new industries.

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