Franchise opportunities in Nigeria

Attractiveness of Nigeria for the development of franchise business

The Federal Republic of Nigeria is rich on petroleum and petroleum products, cocoa, and rubber. Although the economy of the country is so far developing, poor economic situation in Nigeria has been recently improved due to some useful reforms implemented by the government.

The most successful franchise businesses in Nigeria are transportation, movie, logistics, coffee, petrol stations, medical health care, educational services, restaurant and beauty.  All in all the franchise market in the country brings annual revenue of one hundred billion dollars.

There are many foreign, mostly US, South African and European  franchises,  though the demand for international brands is still growing. To facilitate the development and promotion  of  franchise businesses in Nigeria a special organization called National Office for Technology Acquisition and Promotion was established. The purpose of it is to provide trainings for franchise stakeholders.

High population in the country creates two advantages for establishing a franchise, large consumer market and much workforce. Therefore, the most favourable cities for the business are Lagos, Abuja,  Kano, Ibadan, Port Harcourt. Taking into consideration that the biggest cities also host currently growing middle and upper consumer class, and the income of Nigerians is tending to increase, there are good opportunities for luxury foreign brands to enter the market.

The average franchise costs depend on the type and size of business but on the average they are  between $50,000 and $200,000 to establish.

Browse franchise List in Nigeria

Indicators of Nigeria Business Market

  • Capital: Abuja

  • Currency: Naira

  • Education Index (2013): 0.425

  • Official languages: English

  • Per capita GDP (PPP): $6,351

  • Quality-of-life index (0-10): 4.74

  • Population: 185.990 mln

  • Total GDP (PPP): $1.166 trillion

  • Ease of Doing Business Ranking, Rank: 145

  • Gini: 43.0

  • Human Development Index (HDI): 0.514

Popular franchise directions in Nigeria

List of franchises for sale in Nigeria

Southern Fried Chicken franchise
Southern Fried Chicken - restaurant franchise Investment from $322,850
Tapout Fitness franchise
Tapout Fitness - martial arts franchise Investment from $130,000
RAMEN IROHA franchise
RAMEN IROHA - Ramen shop franchise Investment from $45,000
BNI franchise
BNI - Business Network International Franchise Investment from $65,000
Dodo Pizza franchise
Dodo Pizza - pizza delivery franchise Investment from $80,000
9ROUND franchise
9ROUND - kickbox fitness centers franchise Investment from $
Nutty Scientists franchise
Nutty Scientists - spectacular interactive activities franchise Investment from $45,000
Jour franchise
Jour - healthy restaurant chain franchise Investment from $336,942
al Mamà Bistrot franchise
al Mamà Bistrot - restaurant franchise Investment from $135,000
Dietplus franchise
Dietplus - healthcare coaching franchise Investment from $56,000
Danube Home franchise
Danube Home - furniture & home accessory franchise Investment from $400,000
DetailCar franchise
DetailCar - waterless carwash franchise Investment from $9,960
KIO DA franchise
KIO DA - retail shops chain franchise Investment from $139,000
Funtopia franchise
Funtopia - family entertainment centers franchise Investment from $629,674
Los Pollos franchise
Los Pollos - chicken barbecue franchise Investment from $175,980
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