Professional Service Industry In Nigeria | An Overview

In Nigeria, the professional service industry refers to a broad range of economic activities carried out by professionals or professional organisations. Businesses, talents, skills training, business schools, and professional organisations are all included in this broad category. Accounting, advertising, graphic design, and legal assistance are all services provided by professional service businesses. Professional service sectors offer services similar to those supplied by other industries; however, professional services are often highly specialised, necessitating a higher degree of training and experience.

The professional service business is an important economic activity in Nigeria, with professional services being indirectly tied to various sectors of the economy, including manufacturing. Although Nigeria has many professional service providers, the industry has been underestimated and underinvested. This highly dynamic market has a high turnover rate, minimal entry barriers, significant development potential, and a high need for highly trained and educated people.

Contribution to the Economy – GDP

According to a Nigerian Investment Promotion Commission report, services make up 53 per cent of Nigeria’s gross domestic product. Trade (16%), information and communication (12%), real estate (6%), professional, scientific and technical services (4%), and financial and insurance services (3%) are the top contributing services activities. Because most of the population lives in cities, the service industry is heavily concentrated there. Furthermore, the service industry includes traditional professional services and services provided to the general public by hotels, restaurants, banks, insurance firms, and numerous administrative agencies.

Ministry in Charge of Professional Service Industry

Due to the variety of the professional service industry, many ministries and organisations have been entrusted with promoting their operations. The ministries include the Ministry of Industry, Trade and Investment, Ministry of Labour, Ministry of Health, and other regulatory and management agencies such as the Nigerian Society of Engineers, Nigerian Medical Association, Nigerian Bar Association, and others.

Top Leading Professional Service Industries in Nigeria

In Nigeria, all professional service businesses are performing very well. Some people, though, are doing better than others. They’re known as the “hot cake.” Accounting, auditing, and tax services, legal services, fashion design, fitness services, advertising agencies, architectural services, and facilities engineering or maintenance firms are some of these professional businesses. If you already have skills in this industry, this is the time to develop your own services or enhance existing services to make them meet global standards. 

Connect with us, and get our app.

We created our one-stop digital incubator app to bridge knowledge and service discrepancies for African students and savvy entrepreneurs looking to start a business. Get the app (Android version) here. For IOS users, a web app is available here at Sign up for our newsletter here to get consistent resources via email. If you want to contact us, use our contact form or consult us through the app. 

Thank you for reading to the end. 



Joadre Editorial
Joadre Editorial
Joadre Editorial team is an international mix of experts in the field of human rights, entrepreneurship and global politics. We are passionate to educate and create equity for Africans and the Africa continent.

The Joadre Analysis & Industry Journal

FREE Templates



6 Essentials Beyond Money To Improve Lives In Nigeria

If these six key things are solved, more Nigerians can make money and here is why. Take Tope, for example!

How To Pitch Your Idea To Investors

se this structure to pitch your idea to potential investors or partners: Opening - Why- What- USP - Plan - Traction- Team- Action- Close.

Oprah and Malala inspires us with their will to succeed and be heard!

Although the Teenage Pakistani girl faced death, the children’s right activist is still fighting for change in the world. She wrote blogs because she wanted to be heard. considering the conditions in which she lived, the fear and terror just to know that there are people out there who expects her never to be educated. But still Malala strived hard to be heard. This shows us courage because no one else dared to report from such a controversial angle - detailing her life under Taliban occupation.

Go Back To The Drawing Board | Voices Uprising Talk With Dr Habibat Oladosu-Uthman 

We were opportune to travel to several states in Nigeria and meet African experts renowned in their various fields. Nigeria is a multicultural and...

How to capture your best business ideas.

Life in Africa is beautiful, especially if you have financial resources and access to a profound social network. But what if you come from...