Which bodies regulate franchising in Nigeria?

In Nigeria, the National Office for Technology Acquisition and Promotion (NOTAP) and Nigerian International Franchise Association are the two main bodies that oversee franchise operations. In March 2022, a bill to regulate the Nigeria’s franchising sector passed second reading at the Nigerian Senate.

How will Nigeria improve the business environment for US franchises?

The Nigerian government is improving the business environment through regulations enacted by the CBN, which help increase the availability and accessibility of credit facilities for U.S. franchises.

How much does a franchise cost in Nigeria?

The average franchise costs depend on the type and size of the business but on the average they are between $50,000 and $200,000 to establish. Send Request +1 484 414 5197 DIDN’T FIND WHAT YOU WANT? Top Franchise opportunities in Nigeria - list of available franchises for sale.

How can I start a business in Nigeria?

Starting a business in Nigeria can be achieved by investing in and owning a franchise. You can tap into the success of established franchises in the country by buying into their brands.

Is Nigeria a good place to buy luxury foreign brands?

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.

What are the opportunities for franchises in Nigeria?

In Nigeria, there are significant opportunities for franchises in the food, cinema, transportation, logistics, medical health care, educational services, interior design, mobile devices, and beauty care sectors.