Project Description

The retail business sector in Nigeria has witnessed significant diversification in recent years, with niche markets such as smoke shops gaining traction. This emerging trend reflects changing consumer behaviors, increased urbanization, and a growing demand for specialized products. The smoke shop business, often referred to as a tobacco or vape shop, specializes in selling smoking-related products, including premium cigars, tobacco, e-cigarettes, vaping devices, hookah equipment, and related accessories. In addition to traditional smoking items, many smoke shops cater to a growing demographic interested in alternative smoking options like vaping and flavored tobacco. The revenue generated Nigeria's Tobacco Products market is estimated to reach US$2.3bn in 2025. It is anticipated that the market will experience an annual growth rate of ten point ninety-one percent (10.91%) between 2025 and 2029 (CAGR 2025-2029).

Skills and Expertise

Categories

• Categories:
  Financial Services
• Subcategories:
• Accounting & Bookkeeping   Experience Level: Basic

Attachments

• File 1