10 •
The Lion King
• October - December 2017
BUSINESS
Alicia Keys and Rihanna seen rocking
African Ankara prints. Even Africans
in diaspora such as Duro Olowo,
Bunmi (Koko) Olaye, Deola Sagoe,
Barbara Mensah to mention a few
have taken their culture and influ-
ences from Africa abroad, creating a
competitive niche and finding success
in the international fashion industry.
Back home, top designers like multiple
award winning Zizi Cardow, Folake
Folarin Coker (Tiffany Amber), Ohimai
Atafo, Lisa Folawiyo have also carved
their marks in the ever-growing fashion
industry. Besides these big names, so
many up and coming fashion design-
ers are blazing the industry scale. With
Nigerian entertainers like Wizkid and
Davido grabbing international head-
lines daily, Nigerian and African fash-
ion can only continue to grow and
make global impact. Thus in 2018,
we identify this industry as a major
investors nest for truly discerning indi-
viduals. Value chain in this industry
also stretches into movies (wardrobe),
photography (modelling) and acces-
sory (jewellery and make-up) just to
mention a few.
Information and
Communication Technology:
Nigerians have been identified as one
of the fastest growing internet users in
the world. According to the Nigerian
Communications Commission (NCC),
the number of internet users in
Nigeria's telecommunications net-
works increased to 91.6 million at the
end of June 2017. This is an increase
of circa 77% from the 2013 figure of
51.8 million. Despite the foregoing sta-
tistics there are still millions of Nigerians
who are interested in involving them-
selves in Information Communications
and Technology Services (ICTS) as
the product has shifted from being a
global trend to becoming a global
necessity. By tapping into the under-
developed skills of the Nigerian youth,
there are countless high rewarding
opportunities in this industry for inves-
tors to latch onto in 2018.
Private Education:
Today, public schools are being
shunned by parents and wards alike
due to the diminishing standards. Most
Nigerian parents now send their chil-
dren abroad/overseas to study, while
those that are unable to afford to
send their children to foreign schools
prefer the private schools where stan-
dards are relatively better albeit at
much higher cost when compared to
public schools. This trend is expected
to continue in 2018 as the overall
educational structure remains intact.
Although quite capital intensive, pri-
vate education can yield good returns
to the discerning investor in 2018 and
beyond.
Although the above options are in
no way exhaustive, they remain high-
ly indicative of the direction many
potential investors are looking at in
2018 as they seek to create wealth
whilst providing solutions within the
rapidly growing African economies.
So why not get on board and prepare
for an exciting ride into the world of
wealth creation!
