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Nigeria Insightsas of Oct 2026
Population size
220 M People
Median age
18.6 Years
Household size
5.1 People
GDP
477,380,000,000 USD
GDP per capita
2,133 USD
Cost of living index
43.2 Index
Income inequality (Gini)
35.1 Index
Retail sales volume
12,000,000,000 USD
Retail sales per capita
53.6 USD
Disposable income per capita
1,200 USD
Number of retail outlets
1,200,000 Units
Major national retail chains
Shoprite, SPAR, Addide
Presence of global brands
H&M, Zara, Apple
Dominant retail formats
Informal markets, supermarkets
Average commercial rent
15 USD/sq.m/month
Property transaction volume
3,410,000,000,000 USD
Ease of doing business index
131 Rank
Business permit process time
30 Days
Zoning constraints
Moderate
E-commerce delivery infrastructure
Developing
Road density
0.2 km/sq.km
Commute patterns
60.0 Minutes
Vehicle ownership per capita
0.05 Vehicles
Retail tech startups
Jumia, Konga
Consumer protection score
60.0 Index
Business compliance risk
High
Annual tourist arrivals
2,000,000 People
Tourist retail spending
500,000,000 USD
Airport traffic
7,000,000 Passengers
Duty-free sales trends
Growing
Urban expansion zones
Lagos, Abuja, Port Harcourt
Emerging retail hubs
Ibadan, Kano
Major upcoming national mall or retail projects
Eko Atlantic City
Retail Destinations in Nigeria
Browse 257 retail destinations across Nigeria. Explore retail leasing opportunities, demographics, and market analytics for each location on Occupi.
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Nigeria at a Glance
- Total Properties257
- Cities49
