Post: Abuja | Africa’s Emerging Business Hub

Abuja | Africa’s Emerging Business Hub

  • Monday, Oct 9, 2017

Abuja, the capital seat of Nigeria is gradually shifting from being just a home for politicians and top government officials to a choice hub for business incubation.

The political, economic, social and technological climate is making it the second fastest growing city in West Africa with estimated growth of 5% per annum according to a report by Guardian in 2016.

Apart from the city housing headquarters of government agencies in Nigeria, Abuja is reputable for its outlining skylines, real estate developments, hospitality, and budding industries. Facilities such as good road networks and considerably stable power supply are attracting local and foreign investors to Abuja.

Going by indication, Abuja is a virgin land waiting for investors with fine eyes to spot and explore its economic vantage. Here are some proven as well as potential areas of business to explore in Abuja. As the city grows, it is opening up opportunities in the following areas;

Real Estate/Construction

As a matter of fact, real estate is the convergent point for businesses in Abuja. The attraction of a large and ever expanding middle class consumer base in Abuja has continued to draw the attention of investor, local or foreign to the Nigerian real estate markets.

Remarkable developments such as World Trade Centre, Centenary City and a few others are redefining real estate development and it promises to be a huge pull for businesses.

ICT

The budding business in Abuja will need the services of Information Technology experts to provide solutions for their businesses in the area of web design, web application and mobile app development, digital marketing just to mention a few. These businesses will also require real-time IT supports.

Bryta Hub, one of my preferred ICT training organizations in Abuja metropolis that I strongly recommend to people is doing well in the area of IT training, website developments, web application development, software development, content management and general ICT services and supports.  

Research from the last two decade has proven that organizations that invest in technology and choose the path of innovation increase their market share, financial figures and overall competitiveness.

Hospitality

Hospitality is a sure area to explore in Abuja. As foreign investors and tourist make a stop in the city, hospitality such as hotels, restaurants, lounge and gym centres will continue to be in want especially high taste ones.

Retail

The rise in the buying power of Abuja residence is opening up more opportunities for retails. A good number of global retails shops have pitched their tent in the city and there is still room for many more.

Creatives and Entertainment

Abuja’s creative and entertainment industry is not as chocked as that of Lagos and Port Harcourt. The reason Abuja was not considered home for entertainment is because it was predominate by rather tardy politicians who are not enthusiasts of such but the case is different today as the majority of its population comprise of young professionals seeking locations to tickle their creativity and fun side.

This is certainly an opportunity to explore.

 

The narrative of Abuja being an emerging city for development and investment just began.

Savour every mouth full of Abuja city as you explore more opportunities. 

Copyright © 2017 Wandering Feet

Author

  • Ryta Abiodun

    ... it's God's Spirit in a person, the breath of the Almighty One, that makes wise human insight possible. Job 32:8. I am a God chaser, a wife, a mother, a daughter, a sister and a Nigerian.

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