- Mar 12, 2018
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Fastest Selling Products in Nigeria
Petroleum products: Some Petroleum products like AGO Diesel, Motor oil, Premium motor spirit and Dual purpose kerosene are fast selling products in Nigeria. Due to shortage of power supply which is still a big issue in Nigeria, Most large organizations like banks, auditing companies, insurance companies, mortgage homes, big laundry service outfits, luxury hotels,bakeries, ICT firms, industries and others depend on High end diesel generators to carry out their daily business activities and operations. Though some areas subsequently have light, the supply is epileptic.
This has automatically increased the demand for Diesel. Large generators of 20kva and above are normally used in these business environments and they run on diesel. This is one of the fastest selling products in Nigeria as the organizations mostly buy thousands of litres putting good money in the pocket of the dealers on the long run.
The motor oil or engine oil is used for both cars and generators. Generators are not luxuries in Nigeria but Necessities. Most families have a generator in Nigeria regardless of how small the size may be. These generators depend on Motor oil to grease up the piston rings and crank shaft to keep the engines running.
The number of cars on Nigerian roads also reveals the number of people using transport services in the country both for private and commercial vehicles running interstate and intra state trips. This means a lot of users are at the mercy of good motor oil supply to keep their vehicles on the road. The need to change the engine oil of a car or generator depends on how well it is being used. The more the engines are engaged, the faster the oil should be changed. PMS (Premium motor spirit) or petrol is what makes the car move from one point to another. Most Nigerian cars are petrol engines and they consume a lot of petrol while keeping up with their daily activities.
A lot of Nigerians also depend on Dual purpose kerosene to do business and keep food on the table. Kerosene is used more for commercial road side business women who roast and cook food for a living. They use the kerosene in stoves. This has caused a diversion of investment to Petroleum products for some Nigerians who have discovered that the demand keep increasing and joining the queue of suppliers is just another opportunity to make good money.
Cooking gas (Propane): Cooking gas has also drawn the attention of business men and women as the price of Dual purpose kerosene became unstable at some point. Cooking gas keeps the air free from pollution and is more economical. Families as well as eateries and large restaurants depend on Propane to cook food. This rise in demand automatically created a bigger market for the dealers in cookers and its accessories. More Nigerians are going into the business and it seems the market is still big enough to accommodate as many as are coming in.
Food: One thing every Nigerian must spend money on daily is food. All Nigerians ranging from the rich to the poor try as much as possible to put food in their stomach to keep the metabolic activities of the body going and to stay alive. Beggars by the road side mostly end up spending their money on food. Canteens and Restaurants all make money daily from selling food to customers. This means ingredients like spices and salt have a steady demand to meet the rising demand for food. Nigeria is experiencing a rapid population growth. This means the demand will keep increasing as birth rate is far higher than death rate.
Recharge Cards: Telecommunication companies are making a lot of money from recharge cards. This is because they have lots of services to benefit from. This includes voice and data services. But these services cannot be enjoyed without buying credit facility on a device to subscribe to their services. Nigerians load their phones per minute. Recharge card users’ fall into different categories of the society from market women and transport operators to middle and first class citizens of the society.
Mobile Devices: Nigerians have keyed into the millennium socialization trend using the digital platforms created by new technologies. Social networks like instagram, whatsapp, facebook, twitter and more have new users daily. Most of these users are working with objectives to meet new friends and empower former relationships. Interestingly, all Nigerians fall into category of users of these applications from teenagers, youths, adults and elderly. These mobile devices are also used by software engineers and web content managers to monitor admin pages and manage databases. A lot of buying and selling is also being done on this platform as people have more time to look for sellers with cheaper and better options selling a premium product.
Clothing: As clothes are listed among the necessities of life clothing is one thing people buy everyday regardless of quality. Some people buy clothes to cover themselves up and look good to work or business, some for special occasions like wedding and other ceremonies while others shop for the fun of it. The population of Nigerians also promotes this business as demand keeps increasing by the day. People outgrow certain sizes of cloth so at some point it becomes imperative to change their wardrobe.
Drugs: One thing a lot of Nigerians depend on to carry out their daily activities is Drugs. The quality of food and the Nigerian environment has caused a high mortality rate which is initially caused by various sicknesses ranging from Diabetes, Ulcers, Menstrual pains, Typhoid, Malaria, cancer, fatigue and wounds caused by accidents. Full treatment of many of these sicknesses is more expensive as it will involve paying doctors for medical services and use of their facilities. These has subjected many people to settle for drugs only option while others use drugs recommended by doctors for preventive and corrective treatment of diseases. Athletes also use a lot of drugs to keep fit as their skills and life depend on sound health.