Nigeria

Global State of the Market Report

In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards.  This assessment identified a low number of professionals on Advisory Boards in Nigeria.

Nigeria’s Advisory Board Landscape

The assessment has identified low numbers of Advisory Board professionals in Nigeria. Minimal participation in the market may indicate:

• That Advisory Board structures engaged in the country are informal in nature;
• Advisory Boards are referred to as a different name, such as committees, councils or think tanks;
• Traditional sourcing of advice is more customary for Nigeria’s current business environment; or
• There is a language barrier stemming from the search for Advisory Board professionals being in English.

Future Growth Opportunities

As an emerging sector in Nigeria, connection and collaboration with the global Advisor community will present strong future growth opportunities. Further, focusing on key market sectors – agriculture, telecommunications and services – as well as acknowledging start-up and emerging industries is essential. It will also be important for Advisory Board professionals in the market to be credentialed to best practice and ethics as this sector grows over time.