Nigerian retail sector hits $125bn, driven by middle-class

Nigerian retail sector hits $125bn, driven by middle-class

Nigeria’s retail sector has reached $125 billion in the last five years, thanks to the growing middle-class, young demography and rising consumer incomes, Russell Hughes, commercial director, Clarion Events West Africa, said in Lagos, while quoting the Global Retail Index. There has been an impressive growth of independent market retailers, multiple, online and department retailers…

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