PEST Analysis: Nigeria (2023)

July 2022

Corruption and an unstable security situation are encroaching on Nigeria's economic freedom, although the national debt remains manageable. Economic output is expected to lag that of its peers over the medium term, while oil exposure is significant and unemployment and inflation are high. With the largest regional population growing rapidly, the consumer market has a lot of potential, but revenue is declining. Investments in technology are evident and internet usage is increasing rapidly.

200 GBP

ask for more information

  • overview
  • Index
  • segmentation


(Video) PESTEL Analysis Nigeria

Files will be sent directly to your account shortly after receipt of payment and a certificate of verification for any taxes (if applicable).

This report is in PDF format.


The country profiles examine economic and political trends in 210 countries and partner regions and serve as a central point for data and analysis on the economy, politics and the business environment. This series of reports makes it possible to understand the macroeconomic environment as a basis for strategic planning.

If you are working in Extractive Industries in Nigeria, our research will help you to make informed and smart decisions. Spot and seize opportunities or build resilience amidst market uncertainty

Commodities in Nigeria report includes:

  • Analysis of the country's political and macroeconomic stability
  • An overview of the economic structure and the most important sectors.
  • last economic performance

This report answers:

  • What are the economic prospects?
  • How stable is the political environment?
  • What are the country's risks and vulnerabilities?
  • Which sectors are best to invest in?
  • What should we focus our expansion strategy on?
  • Which countries are moving up the value chain away from the primary sector?

Download index

PEST-Analyse: Nigeria

Graph 1Main PEST spots in Nigeria



Graph 2Dynamics of the political environment in Nigeria




Graph 3Dynamics of the economic environment in Nigeria



Tabla 4Dynamics of the social environment in Nigeria


(Video) Factors affecting businesses in Nigeria - PESTLE ANALYSIS


Tabla 5Dynamics of the technological environment in Nigeria

The following categories and subcategories are included:

raw material

        • grain production index
        • crop production index
        • animal production index
      • Non-Food Production Index
          • Bebaubar
          • Permanent farmland
          • permanent grassland
        • Another land
        • forest area
      • Indoor crop
      • Harvested area of ​​apples
      • Harvested area of ​​artichokes
      • acreage for bananas
      • Harvest area of ​​cabbage and other cruciferous vegetables
      • Harvest area of ​​cauliflower and broccoli
        • Barley harvested area
        • Harvested area of ​​buckwheat
        • Corn harvested area
        • Harvesting area for millet
        • Oat harvested area
        • Rice harvested area
        • Rye Harvest Field
        • Sorghum harvested area
        • wheat harvest area
      • Cinnamon harvested area
      • Harvest area of ​​cocoa beans
      • Harvesting area for coffee (green)
      • Garlic harvested area
      • Grapes harvested area
      • Peanut harvest area
      • acreage for hops
      • Harvesting area of ​​lemons and limes
      • Harvesting area of ​​oil palm fruits
      • Harvest area of ​​onions
      • Harvested area of ​​oranges
      • Harvest area of ​​peaches and nectarines
      • Harvest area of ​​pears
      • Harvesting area for pepper
      • Pineapple Harvest Area
      • potato harvest area
      • Harvested area of ​​legumes
      • Quinoa harvest area
      • Rape crop area
      • Soybean harvest area
      • Sugar beet cultivation area
      • Sugar cane growing area
      • Harvest area of ​​tangerines, tangerines, clementines
      • Harvested area for tea
      • tobacco growing area
      • Harvesting area for tomatoes
        • Harvested area of ​​almonds
        • Cashew harvest area
        • Hazelnut harvest area
        • Walnut harvest area
        • Harvesting area for other nuts
      • Vanilla harvested area
      • Harvested area of ​​watermelons
      • apple yield
      • Artichoke Yield
      • banana yield
      • Yield of cabbage and other types of cabbage
      • Make cauliflower and broccoli
        • barley yield
        • Buckwheat Yield
        • Maisertrag
        • Maisertrag
        • Haferertrag
        • Travel expenses
        • rye yield
        • Sorghum Yield
        • wheat yield
      • cinnamon yield
      • cocoa bean yield
      • coffee yield (green)
      • garlic yield
      • grape yield
      • Peanut Yield
      • hop yield
      • Yield of lemons and limes
      • Fruit yield of the oil palm
      • Onion yield
      • Orange yield
      • Yield peaches and nectarines
      • Pear Yield
      • pepper yield
      • Pineapple Yield
      • potato yield
      • pulse power
      • Quinoa Yield
      • Rapsertrag
      • soybean yield
      • beet yield
      • sugar cane yield
      • Yield of tangerines, tangerines, clementines
      • Tea Yield
      • Tabakertrag
      • tomato yield
        • almond yield
        • cashew yield
        • Hazelnut Yield
        • walnut yield
        • yield of other nuts
      • Vanilla slow
      • watermelon yield
      • apple production
      • artichoke production
      • banana production
      • Production of cabbage and other types of cabbage
      • Cauliflower and broccoli production
        • barley production
        • buckwheat production
        • corn production
        • corn production
        • oat production
        • rice production
        • rye production
        • sorghum production
        • wheat production
      • cinnamon production
      • Cocoa Bean Production
      • Coffee production (green)
      • garlic production
      • grape production
      • peanut production
      • hop production
      • Production of lemons and limes.
      • Production of palm fruits
      • onion production
      • orange production
      • Production of peaches and nectarines
      • pear production
      • pepper production
      • Pineapple Production
      • potato production
      • impulse production
      • Quinoa Production
      • Rapeseed production
      • soybean production
      • beet production
      • sugar cane production
      • Production of tangerines, tangerines, clementines
      • tea production
      • Tobacco production
      • tomato production
        • almond production
        • cashew production
        • Hazelnut Production
        • walnut production
        • Production of other nuts.
      • vanilla production
      • watermelon production
        • coconut oil production
        • Production of cotton oil
        • Production of peanut oil
        • production of linseed oil
        • corn oil production
        • Production of palm kernel oil
        • palm oil production
        • canola oil production
        • sesame oil production
        • soybean oil production
        • Production of sunflower oil
        • olive oil production
        • beer production
        • wine production
      • Production of butter and ghee
      • cheese making
      • Production of dehydrated cow's milk
      • Production of condensed milk
      • Production of fresh cow's milk
      • Production of chicken eggs
      • honey production
    • Catch fish and seafood
      • meat production
      • goat meat production
      • Production of horse meat
      • mutton and mutton production
      • pig production
      • poultry production
      • Firewood and charcoal production
      • Production of household and sanitary paper
      • newspaper print production
      • paper and board manufacture
      • Papermaking for printing and writing
      • log production
      • Production of sawn timber and sleepers
      • Manufacture of pulp
      • donkey
      • Camera
      • Chicken
      • goats
      • horses
      • pigs
      • The sheep
      • Cost of apples per ton
      • Banana costs per tonne
      • Barley costs per tonne
      • Bean cost per ton
      • Meat cost per ton
      • Cost of chicken meat per ton
      • Cost of cocoa beans per ton
      • Cost of fresh cow's milk per ton
      • Cost of grapes per ton
      • Oily wool cost per ton
      • Green coffee cost per ton
      • shelled peanuts cost per ton
      • Corn cost per ton
      • Cost of oranges per ton
      • Palm oil cost per ton
      • Pork cost per ton
      • Cost of potatoes per ton
      • Travel expenses pro tonne
      • Ray costs per tonne
      • Cost of cotton in seed per ton
      • Lamb meat cost per ton
      • Soybean cost per ton
      • Sugar cane cost per ton
      • Sugar beet cost per ton
      • Teekosten pro Tonne
      • Tomato cost per ton
      • Cost of unprocessed tobacco per ton
      • Wheat cost per ton
      • Production of cotton feathers
      • Jute Production
      • silk production
      • wool production
      • Land use in organic farming
      • fertilizer consumption
      • Use of fertilizers: nitrogen
      • Use of fertilizers: phosphate
      • Use of fertilizers: potassium
    • Endangered amphibian species
    • Endangered Bird Species
    • endangered fish species
    • Endangered Mammal Species
    • endangered reptile species
    • Endangered vascular plant species
    • Protected biosphere reserves: locations
    • Protected Biosphere Reserves: area
    • Wetlands under protection: locations
    • Protected wetlands: area
      • Protected Land Areas
      • marine protected areas
      • Protected land areas in % of the total area
      • Marine protected areas in % of the total area
    • Average maximum temperature
    • Average minimum temperature
    • Medium temperature
    • total precipitation
      • Commodity Fuel Index (Energie)
      • Metallindex
      • Agrarrohstoffindex
      • Beverage index
      • food index
      • cotton price
      • Hard log price
      • Price for hard-sawn lumber
      • pulp price
      • rubber price
      • tobacco price
      • wool price
      • coal price
      • Crude Oil Spot Price (European Brent)
      • Crude Oil Spot Price (WTI Cushing)
      • Natural gas price, Europe
      • Natural gas price, Japan
      • Natural gas price, USA
      • almond price
      • apple price
      • banana price
      • barley price
      • meat price
      • cardamom price
      • chicken price
      • cocoa price
      • coconut oil price
      • coffee price
      • coriander price
      • more prizes
      • caraway price
      • Grapefruit-Preis
      • Lamb price
      • lemon price
      • lemon price
      • Milk price, European Union
      • Milk Price, New Zealand
      • Milk Price, United States
      • Orange juice price
      • orange price
      • peanut price
      • price of palm oil
      • pepper price
      • pig price
      • red pepper price
      • rice price
      • Salmon price
      • soy price
      • price strawberry
      • Sugar price, European Union
      • Sugar Price, United States
      • sugar price, world
      • tea price
      • turmeric price
      • wheat price
      • aluminum price
      • copper price
      • gold price
      • Iron ore price
      • Bleipreis
      • nickel price
      • silver price
      • Steel price, China
      • Stahlpreis, USA
      • Steel Prize, Western Europe
      • price can
      • price of five
        • Primary production of coal, peat and oil shale
        • Import of coal, peat and oil shale
        • Exports of coal, peat and oil shale
        • Primary production of crude oil and natural gas liquids (NGL)
        • Import of crude oil and natural gas liquids (NGL)
        • Crude Oil and Natural Gas Liquids (NGL) Exports
        • Imports of petroleum products
        • Exports of petroleum products
        • Primary production of natural gas
        • natural gas imports
        • natural gas exports
        • Primary nuclear power generation
        • Primary production of hydraulic energy
        • Primary geothermal energy production
        • Primary generation of solar, wind and other energy
        • Primary production of biofuels and waste
        • Imports of biofuels and waste
        • Export of biofuels and waste
        • Current import
        • electricity exports
      • Primary thermal energy supply
    • energy efficiency
    • energy intensity
    • End energy consumption
      • End use of coal, peat and oil shale
      • End Use of Crude Oil Liquids and Natural Gas (NGL)
      • End use of petroleum derivatives
      • end use of natural gas
      • end use of geothermal energy
      • End use of solar, wind and other renewable energy
      • End use of biofuels and waste
      • Final power consumption
      • Final heat consumption
      • Final energy consumption by industry
      • Final energy consumption through transport
        • electricity consumption in the household
        • Gas consumption in residential areas
      • Final energy consumption by trade
      • Final energy consumption of other sectors
      • Non-Energy End Use
        • Electricity generation from geothermal generation
        • Electricity generation from hydropower
        • Power generation from solar energy
        • Electricity generation from wind power generation
        • Generation of electricity from other sources
        • Generation of electricity from fossil fuels
        • Power generation from nuclear energy
        • Power generation from renewable fuels and waste generation
      • Proportion of electricity generation from renewable energies
      • Share of electricity generation from non-renewable sources
    • heating capacity
        • Production of aviation fuel
          • biofuel production
          • Biodiesel Production
          • Production of other liquid biofuels
        • Diesel/Gas beer production
        • Production of liquefied gases
        • Gasoline production for engines
        • aviation fuel consumption
          • consumption of biofuel
          • biodiesel consumption
          • Consumption of other liquid biofuels
        • Diesel/gas oil consumption
        • Consumption of liquefied gases
        • Engine fuel consumption
        • Proportion of proven coal reserves available for production
        • Proved Coal Reserves (year-end)
        • Share of global coal reserves
        • Proportion of proven oil reserves for production
        • Proved Oil Reserves (year-end, 000 million barrels)
        • Proven Oil Reserves (year-end)
        • Proportion of proven natural gas reserves available for production
        • Proven Natural Gas Reserves (year-end)
    • Investment in energy with private participation
      • Electricity price for private households per MWh
      • Gas price for private households per MWh
      • Diesel price for home heating per 1000 liters
      • Industriestrompreis pro MWh
      • Industriegaspreis pro MWh
      • Heating oil industry price per 1000 liters
      • Capacity of nuclear reactors in operation
      • Nuclear reactor capacity under construction
      • nuclear reactors in operation
      • nuclear reactors under construction
      • Rural population with access to electricity
      • Urban population with access to electricity
    • Population with access to clean fuels and cooking technologies
      • Environmental Resilience: Risk Index
      • Environmental Resilience: Global Warming
      • Forest and Biodiversity: Security
      • Forest and Biodiversity: Availability
      • Pollution: air quality
      • Pollution: water pollution
      • Pollution: municipal waste
      • Energy: Equity
      • energy security
      • Energy: availability
      • Energy: sustainability and efficiency
      • water safety
      • Water: Equity
      • water availability
      • water efficiency
      • Food and Agriculture: Availability
      • Food and Agriculture: Security
      • Food and Agriculture: Health
      • Environmental Durability Rating: Risk Index
      • Environmental Durability Rating: Global Warming
      • Forest and Biodiversity Classification: Security
      • Forest and Biodiversity Classification: Availability
      • Emission class: air quality
      • Pollutant class: water pollution
      • Pollutant classification: municipal waste
      • Energy Assessment: Equity
      • Energy efficiency class: safety
      • Energy efficiency class: Availability
      • Energy assessment: sustainability and efficiency
      • Water classification: safety
      • Water Classification: Justice
      • Water Classification: Availability
      • Water classification: efficiency
      • Food and Agriculture Classification: Availability
      • Food and Agriculture Classification: Safety
      • Food and Agriculture Classification: Health
      • Domestic Extraction
      • import of materials
      • export of materials
    • Domestic material consumption of biomass
    • Domestic consumption of metallic minerals
    • National consumption of nonmetallic minerals
    • Domestic consumption of fossil fuels
    • Consumption of household materials of other products
    • productivity of material resources
    • aluminum production
    • antimony production
    • arsenic production
    • asbestos production
    • barite production
    • Bauxite Production
    • bismuth production
    • Boron Production
    • Bromine Production
    • cadmium production
    • Chromproduktion
    • cobalt production
    • copper ore production
    • crude steel production
    • production of diatoms
    • Feldspar Production
    • Fluorspar Production
    • gallium production
    • germanium production
    • gold production
    • Graphite Manufacturing
    • gypsum manufacture
    • indium production
    • Iodine production
    • iron ore production
    • Kaolin Production
    • production of lead ore
    • lithium production
    • magnesite production
    • magnesium production
    • mercury production
    • mica production
    • nickel production
    • Production of Perlite
    • Production of phosphate rock
    • pig iron production
      • palladium production
      • platinum production
    • potassium production
    • Production of rare earth oxides
    • Refined copper production
    • Refined lead production
    • Rhenium Production
    • selenium production
    • Sillimanite Production
    • silver production
    • Production of zinc plates
    • Production of cast copper
    • Tin production for foundry
    • Production of sodium carbonate
    • Strontium Production
    • Talc production
    • Tantalum and niobium production
    • tin ore production
    • tungsten production
    • vanadium production
    • Vermiculite Production
    • Wollastonite Production
    • production of zinc ore
    • Production of zirconium
    • weather disasters
    • geophysical disasters
    • Hydrological Catastrophes
    • weather disasters
      • exposure index
      • vulnerability index
      • Index of lack of coping ability
      • Index of lack of adaptability
      • exposure rating
      • vulnerability rating
      • Classification of the lack of coping ability
      • Rating of lack of adaptability
    • rent coal
    • Waldeinnahmen
    • mineral income
    • gas rentals
    • oil revenue
        • CO annual average
        • SO2 Media yearbook
        • NO2 annual average
        • PM2.5 annual average
        • PM10 annual average
        • Annual CO peak
        • Annual SO2 peak
        • NO2 annual high
        • PM2.5 annual high
        • PM10 annual high
    • Consumption of all substances that deplete the ozone layer
        • CO2 emissions from consumption and combustion of natural gas
        • CO2 emissions from coal consumption
        • CO2 emissions from oil consumption
      • CO2 emissions per production unit
      • CO2 emissions from transport
      • CO2 emissions
      • NOx emissions
      • PM10 concentration
      • SO2-Emission
      • methane emissions
      • Methane emissions from agriculture
        • Greenhouse gas emissions from transport
      • Greenhouse gas emissions from industry
      • Greenhouse gas emissions from agriculture
      • Greenhouse gas emissions from waste
    • Efficiency of greenhouse gas emissions
    • Intensity of greenhouse gas emissions
      • Electronic products placed on the market
      • e-waste collected
      • Recovered e-waste
      • Hazardous industrial waste
      • municipal waste
      • Nuclear Waste: Occurrence of spent fuel
        • metal waste generated
        • glass waste is produced
        • Paper and cardboard waste
        • rubber waste generated
        • plastic waste is generated
        • wood waste generated
        • Textile waste generated
      • Waste from agriculture, forestry and fisheries
      • Waste from mining and quarries
      • Waste generated by manufacturing
      • Waste generated by electricity, gas, steam and air conditioning
      • Waste from water supply, sewerage, waste management
      • Construction waste
      • Waste generated by services
      • Waste generated by households
      • Waste from the wholesale marketing of waste and scrap
      • Residue intensity in agriculture, forestry and fisheries
      • Waste intensity in mining and quarries
      • Waste intensity in manufacturing
      • construction waste intensity
      • Recycling
      • composting
      • combustion
      • landfill
      • incinerators
      • landfills
      • sewage treatment plants
      • Altmetallrecycling
      • Recycling of used glass
      • Recycled paper and cardboard waste
      • recycled rubber waste
      • Recycled plastic waste
      • recycled wood waste
      • Recycled textile waste
      • Internal renewable water resources
      • External renewable water resources
    • Dependence (dependence) on external water resources.
      • Harvestable: Regular renewable surface water
      • Exploitable: Irregularly renewable surface waters
      • Exploitable: Totally renewable surface water
      • Exploitable: Regular renewable groundwater
    • dam capacity
      • agricultural water collection
      • Industrial water collection
      • Municipal water collection
      • Collection of fresh water at the surface
      • Ground Freshwater Collection
    • Wasserstress
    • water productivity
    • water intensity
    • water quality
      • Rural population using at least basic drinking water supply
      • Urban population using at least basic drinking water supply
      • Rural population using at least basic sanitation
      • Urban population using at least basic sanitation
    • length of the seashore
      • Produced municipal wastewater
      • Municipal waste water collected
      • Treated municipal waste water
      • irrigated land
      • Agricultural water management area
      • % of agriculturally irrigated area equipped for irrigation
      • Area harvested from irrigated crops
      • Harvested area of ​​irrigated crops as a percentage of the total control irrigated area actually irrigated


Why buy this report?

  • Analyze growth opportunities and assess market potential.
  • Development of market entry/exit strategies
  • Understand the likely path of economic growth
  • Study the risks and vulnerabilities of economies to make critical decisions


When you buy a report, that isupdated in the next 60 days, we will send you theNew editionand data extractionBuch!

Alternate Reports

country report

(Video) Know your Pest by DFORTUNE. RAT 🐀 Problems in Lagos featuring Olaide Tom Summit Cleaners

Breakfast cereals in South Korea

Breakfast cereal sales are expected to continue on their growth trajectory relative to current retail values ​​in 2022, with growth fueled by price increases at...


South Korea Breakfast cereal

country report

Cannabis in Switzerland

After the current liberalization of medical cannabis, the trend towards liberalization of cannabis for adult use is also expected in the forecast period. THE…


Swiss Marihuana

country report

US women's fashion

Women's fashion has rebounded strongly, surpassing pre-pandemic (2019) sales levels in terms of current volume and value in 2021, driven by the launch of...


(Video) PESTEL Analysis of South Africa

EU Feminine Mode

© 2023 Euromonitor is a private property and a registered trademark. UK VAT number: 239-2559-40 Registered in England No. 1040587


What are some examples of PEST analysis? ›

Examples include: Government policy, political stability or instability, bureaucracy, corruption, competition regulation, foreign trade policy, tax policy, trade restrictions, labor/environmental/copyright/consumer protection laws, funding grants & initiatives, etc.

What is PEST analysis of a country? ›

A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making.

What are the Environmental factors affecting business in Nigeria? ›

The nine key business environment problem areas identified from various works include the following:
  • Infrastructure.
  • Inconsistent Government Policies & Bureaucracy.
  • Multiplicity of Taxes and Levies.
  • Unfair Competition and dumping.
  • Lack of Access to Modern Technology.
  • Unemployment.
  • Inflation.
  • Exchange rate.
Sep 29, 2021

What is PEST analysis method? ›

PEST Analysis (political, economic, social and technological) is a management method whereby an organization can assess major external factors that influence its operation in order to become more competitive in the market. As described by the acronym, those four areas are central to this model.

What are 4 types of pests? ›

Pests can be broken into four main categories
  • Vertebrate Pests. Have a backbone. Examples: Rodents, birds, reptiles, and other mammals.
  • Invertebrate Pests. No backbone. Examples: Insets, spiders, ticks, slugs.
  • Weeds. Any plant growing out of place.
  • Diseases. Fungi, bacteria, viruses, and other microorganisms.
Jun 30, 2022

What are the 4 reasons why PEST analysis is useful? ›

PEST analysis helps you:
  • Understand current external influences on the business so you can work on facts rather than assumptions.
  • Identify what factors could change in the future.
  • Mitigate risks and take advantage of opportunities to remain competitive.
  • Develop a better long-term strategy.

How do you do PEST analysis for a country? ›

Follow these steps to conduct a PEST analysis:
  1. Identify the political factors. Conduct internal research to identify what types of laws or policies affect you. ...
  2. Identify the economic factors. Determine which economic factors will affect your business. ...
  3. Identify the social factors. ...
  4. Identify the technological factors.

Is PEST analysis the same as SWOT analysis? ›

To compare, PEST analysis will only examine external factors that could affect your business (although it will help you think specifically about different areas of interest), while SWOT analysis considers both internal and external factors.

What is PEST analysis in simple words? ›

Definition: PEST Analysis is a measurement tool which is used to assess markets for a particular product or a business at a given time frame. PEST stands for Political, Economic, Social, and Technological factors.

How is the Nigerian business environment? ›

The Nigerian business environment is very segmented. There are only a few industries that have a good amount of consolidation, i.e. an industry that has a well-built ecosystem that supports itself.

What are some of Nigeria's environmental issues? ›

Current Environmental Problems in Nigeria
  • Air pollution. Daily, millions of vehicles run throughout the country: they consume plenty of fuel and produce exhaust fumes. ...
  • Water pollution. ...
  • Desertification. ...
  • Industrial waste. ...
  • Solid waste. ...
  • Oil spills. ...
  • Deforestation. ...
  • Wind erosion.
Dec 4, 2018

What are the six elements of PEST? ›

PESTEL analysis is a popular framework for organizing these factors and trends and isolating how they influence industries and the firms within them. Below we describe each of the six dimensions associated with PESTEL analysis: political, economic, social, technological, environmental, and legal.

What is PEST analysis best at predicting? ›

A PEST Analysis is a framework used to determine the political, economic, social and technological factors that could affect a business now and in the future. It's meant to help a company's leadership predict oncoming shifts in their market and develop strategies to adapt.

How do you write a PEST analysis in a business plan? ›

How to Do a PEST Analysis in 5 Easy Steps
  1. Step 1: Understand PEST Factors Before Asking How to Do a PEST Analysis. Political Factors. Economic Factors. Social Factors. ...
  2. Step 2: Gather Relevant Data.
  3. Step 3: Identify Opportunities.
  4. Step 4: Identify Threats.
  5. Step 5: Take Action Once You Know How to Do a PEST Analysis.

What are the 5 major categories of pest? ›

Five Groups of Pests

Arthropods - Insects, Mites, Ticks and Spiders 2. Vertebrates - Animals with backbones 3. Weeds 4. Pathogens - Disease-causing organisms 5.

What are the top 3 pests that cause damage? ›

5 Pests That Can Cause the Most Damage to Your Home
  • Ants.
  • Cockroaches.
  • Termites.
  • Rodents.
  • Honeybees.
  • Keeping Pests Away from Your Home.

What are the 3 principles of pest control? ›

Whenever you try to control a pest you will want to achieve one of these three goals. or some combination of them:
  • prevention - keeping a pest from becoming a problem.
  • suppression - reducing pest numbers or damage to an acceptable level, and .
  • eradication - destroying an entire pest population.

How often should a PEST analysis be done? ›

This analysis should be repeated every six months to identify any changes in the macro-environment. Organisations that successfully monitor and respond to changes in the macro-environment can differentiate from the competition and thus have a competitive advantage over others.

When should you use PEST analysis? ›

PEST Analysis is useful for four main reasons:
  1. It enables you to spot business or personal opportunities, and gives you advanced warning of any significant threats.
  2. It reveals the direction of change within your business environment, so you can adapt what you're doing to work with the change, rather than against it.

What is the most effective pest management Why? ›

The most effective strategy for controlling pests is to combine methods in an approach known as Integrated Pest Management (IPM). In IPM, information about pests and available pest control methods is used to manage pest damage by the most economical means while minimizing risks to you, your pets, and your environment.

Is PESTLE analysis for a country? ›

What is PESTLE? A PESTLE analysis is a tool used to gain a macro picture of an industry environment. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors.

What are the 7 steps to effective pest management? ›

Steps of Integrated Pest Management (IPM)
  1. Proper identification of damage and responsible "pest" ...
  2. Learn pest and host life cycle and biology. ...
  3. Monitor or sample environment for pest population. ...
  4. Establish action threshold (economic, health or aesthetic) ...
  5. Choose appropriate combination of management tactics. ...
  6. Evaluate results.
Jun 30, 2022

Is PEST analysis macro or micro? ›

What is PESTLE? A PESTLE analysis is a tool used to gain a macro picture of an industry environment. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors.

What comes first Pestel or SWOT? ›

If combined, PESTLE analysis is usually completed first to provide a context for the SWOT analysis.

Is PESTLE and PEST analysis the same? ›

What is PEST or PESTLE Analysis? PEST or PESTLE analysis is used to identify important external (macro-environment level) forces that could affect a company, creating opportunities or threats for the organization. This analysis is also performed to assess the potential of a new market.

What is pest give three example? ›

Mosquitoes, fleas, bugs, black ants, beetles are some examples of pests. - An animal also can be a pest when it causes damage to a wild ecosystem or carries germs. The term pest is employed to refer specifically to harmful animals but it also relates to all or any other harmful organisms, including fungi and viruses.

Why is it difficult to do business in Nigeria? ›

A poor state of Infrastructure

Unfortunately, bad roads and an inconsistent power supply are the two main infrastructural issues in Nigeria. These issues reduce the productivity of every business in the country. However, these problems affect some businesses more than others.

What is the business culture in Nigeria? ›

Generally speaking, business in Nigeria is very relationship-based and face-to-face meetings are the norm. You should also expect to spend a lot of time getting to know your new business contact as you attempt to understand your mutual business priorities.

What are 3 problems confronting Nigeria environmentally? ›

Nigeria is faced with environmental problems such as air pollution, water pollution, lead exposures, poor waste management, deforestation, desertification, wind erosion, and flooding, which has harmed the population.

What are major causes of environmental pollution in Nigeria? ›

Source: WHO

Major sources of air pollution in Nigeria include tailpipe exhaust from cars and trucks, smoke from the open burning of residential trash, diesel generators, road dust, industry, and soot from the use of biomass-fuelled cookstoves indoors.

What are the economic issues in Nigeria? ›

Unmet promises
  • Unemployment.
  • Inflation.
  • Poverty.
  • Corruption.
  • Youth unemployment.
  • Nigeria.
  • Food prices.
  • Fuel Subsidy.
Dec 20, 2022

What are the causes of environmental degradation in Nigeria? ›

The major factor of environmental degradation is human (modern urbanization, industrialization, overpopulation growth, deforestation, etc.) and natural (flood, typhoons, droughts, rising temperatures, fires, etc.)

What are the causes of entrepreneurial failure in Nigeria? ›

10 Reasons Why Businesses Fail in Nigeria
  • Wrong mindset. Nigeria is a country filled with struggle and hustle and every individual is looking for possible means to make ends meet. ...
  • Lack of strategy. ...
  • Poor Management. ...
  • Lack of Finances. ...
  • Accountability. ...
  • Inadequate market research. ...
  • Inconsistency/Lack of passion. ...
  • Lack of Focus.

What are the solution to entrepreneurship in Nigeria? ›

Recommendations: beyond the rhetoric, there are practical ways government can create the right environment for businesses to thrive, namely: Increase the ease of doing business. Eliminate multiple taxations of SMEs. Encourage public-private partnership.

What are the problems and challenges of entrepreneurship in Nigeria? ›

One of the major challenges of entrepreneurship in Nigeria is the lack of knowledge. Many businesses in Nigeria don't last long before closing up. Prospective entrepreneurs wanting to start up a business don't do enough research about the products they intend to sell or the services they want to render.

What is PEST analysis diagram? ›

PEST analysis is a framework that categorizes macro-environmental influences in strategic planning. These influences may include political, economic, social and technological forces often used in the environmental scope of this process.

What is PEST analysis PDF? ›

PEST is an acronym for four sources of change: political, economic, social, and technological. PEST analysis is a powerful and widely used tool for understanding strategic risk. It identifies the changes and the effects of the external macro environment on a firm's competitive position.

What is a pest diagram? ›

What is a PEST Chart? PEST chart is a short form for "Political, Economic, Social and Technological analysis chart" and it describes a frame work of macro-environmental factors used in the environmental strategies. PEST analysis would be able to complement the SWOT analysis in a strategic planning process.

What is the goal of PEST analysis? ›

PESTLE analysis is a strategic planning tool that is used to examine various factors that affect the market environment for a business or organization. The goal of PESTLE analysis is to develop a profound understanding of the external environment where the organization operates.

What are the questions in PEST analysis? ›

Ask these questions:
  • Who is your target market?
  • How are consumer opinions changing regarding your product or service?
  • Is the population demographic growing or slowing down and if so, how is it affecting your business?
  • Have you documented changes in how and when your customers purchase your products?

What are the 5 major categories of pests give an example for each? ›

Five Groups of Pests

Arthropods - Insects, Mites, Ticks and Spiders 2. Vertebrates - Animals with backbones 3. Weeds 4. Pathogens - Disease-causing organisms 5.

What are the examples of environmental analysis? ›

For example, survey the landscape of competitors, customers, economic conditions, market conditions, and so on. PESTEL is a popular project management tool for performing environmental scanning. It refers to the factors that are political, economic, social, and technological.

What is the most common type of pest? ›

Here is our list of the top 10 household pests in the U.S.:
  • Ants. There are many species of ants and the type most bothersome to homeowners has a lot to do with where you live. ...
  • Cockroaches. ...
  • Rodents. ...
  • Earwigs. ...
  • Millipedes. ...
  • Fleas.

What are the six elements of pest? ›

PESTEL analysis is a popular framework for organizing these factors and trends and isolating how they influence industries and the firms within them. Below we describe each of the six dimensions associated with PESTEL analysis: political, economic, social, technological, environmental, and legal.

What is the most common method of pest control? ›

Chemical Control. The most common method of pest control is the use of pesticides—chemicals that either kill pests or inhibit their development. Pesticides are often classified according to the pest they are intended to control.

What is the most common environmental analysis tool? ›

The two common types of environmental analysis methods are the PESTLE analysis and SWOT analysis. These approaches help organizations assess their strategic positions based on a wide range of internal and external factors.

Is a SWOT analysis An environmental analysis? ›

SWOT analysis is one very effective tool for the analysis of environmental data and information – for both, internal (strengths, weakness) and external (opportunities, threats) factors. It helps to minimize the effect of weaknesses in your business, while maximizing your strengths.

What are the 4 steps in environmental analysis? ›

The environmental analysis process consists of the following steps:
  1. Identify environmental factors. To conduct an environmental analysis, start by selecting environmental factors to evaluate. ...
  2. Gather information. ...
  3. Evaluate your competitors. ...
  4. Forecast the impact. ...
  5. Assess your strategies.
Jun 29, 2021

What is SWOT and PEST analysis? ›

PEST analysis refers to Political, Economical, Social, and Technological factors which influence the business environment. SWOT analysis refers to Strengths, Weaknesses, Opportunity and Threats. These factors are prime determinants of strategic planning.


1. Nigeria PESTLE &Culture diversity
(Chayaton Kaewint)
2. Nigeria: pest turns staple food into luxury | DW News
(DW News)
3. PESTLE Analysis And Risk Assessment of Ghana
(Bill Bakomora)
4. how business select their location|pestle analysis
(public interest)
5. 'I Hit Her With A Pestle', Suspect Narrates How He Killed His Girlfriend
(Channels Television)
6. How To Make A Wood Turning Pestle in Nigeria
(Discovery Industries)
Top Articles
Latest Posts
Article information

Author: Allyn Kozey

Last Updated: 02/19/2023

Views: 6285

Rating: 4.2 / 5 (63 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Allyn Kozey

Birthday: 1993-12-21

Address: Suite 454 40343 Larson Union, Port Melia, TX 16164

Phone: +2456904400762

Job: Investor Administrator

Hobby: Sketching, Puzzles, Pet, Mountaineering, Skydiving, Dowsing, Sports

Introduction: My name is Allyn Kozey, I am a outstanding, colorful, adventurous, encouraging, zealous, tender, helpful person who loves writing and wants to share my knowledge and understanding with you.