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Tuesday, June 29, 2021

NIGERIA PESTEL ANALYSIS

  June 29, 2021    


Nigeria map


PESTEL is an analytical tool used to find facts in in existing business or yet to start business to give fact about the business and to know how to improve.

  Political: Nigeria practice Democratic system of government with multiple party system,the executive can only be voted into the same office twice and each tenure lasts for four(4) years after which the same leader will nolonger be eligible to contest for that same position. in the past and currently Nigeria like any other country faces strong political tussle but that gives her democracy opportunity to grow.

Economical: Nigeria economy can never be neglected despite the economic crisis she is facing in the last few years. It used to be best in West Africa due to its petroleum business and other natural resources.  With the emergence of electric cars Nigeria economy is sure threatened but it could diversify her economy to help withstand the challenges. Nigeria as a country is the biggest market in Africa due to her population. 

Social: Nigeria Society is a masculine society in which everyone want to succeed with little or no care on how others feel except their immediate family member, people try to be successful in a career or a particular discipline just to make their parents or family feel good.Nigeria society is a delicate one and has diverse ethnic groups with diverse culture and values.

The three(3) major ethnic groups in Nigeria and their traditional Dressing 





Technological: Nigeria as a developing country is gradually becoming technologically sofisticated as it continuously adopt every trending Technology. But the percentage that is technically sofisticated are few as the literate level of Nigerians is still not too high. The most interesting thing about Nigerians is their potency to adopt and adapt to every trending Technology and their behaviour of embracing foreign products more than local products.

Ethical: Ethically Nigerians can be grouped into tribe, religion and political views, These things determines peoples' principles and values.This is one of the most delicate part of Nigerians.

Legal:Nigeria legal system is a world class legal system though sometimes the executive have influence on them because the Attorney general and chief Justice of the federation is to be appointed by the executive. Nigerians enjoy freedom of speech and the Judiciary has the power to impeach the executives.










Ladies from the 3 major Tribes












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