Surviving Nigeria's Economy 📉

How can businesses survive Nigeria’s Inflationary climate?

Hello Venturers,

How are we coping?

Nigeria's inflationary climate presents significant challenges for businesses operating within its borders. The rising cost of goods and services, coupled with economic uncertainties, can erode profit margins and hinder growth. This is particularly acute for major industries like manufacturing, which rely heavily on raw materials and energy.

Recently, Aliko Dangote, one of Nigeria's leading industrialists and the chairman of the Dangote Group, voiced his concerns about the impact of inflation on his businesses. Dangote expressed how the rising costs of raw materials, energy, and logistics, have put pressure on his company's profitability. His comments underscore the widespread challenges faced by businesses across various sectors in Nigeria's inflationary environment.

However, the question remains: How can businesses weather this storm and emerge stronger and more resilient? Join us at 4 pm on Thursday, August 29th at Ventures Africa's LinkedIn Live Audio Event to discuss ‘How can businesses survive Nigeria’s Inflationary climate?’

BizHive Entertainment

The New Wave of Nigeria’s Soft Power

Soft power - To attract, persuade, influence, and shape preferences through culture. Nigeria has effectively done this through entertainment. Our music, films, and content transcend borders, commanding global attention. As master storytellers, we leverage new technologies to amplify our cultural influence. Read our latest magazine issue to learn more.