
West African governments are releasing their national budgets for 2025, posing a challenge for consumer goods companies in the region. With the economic landscape becoming more volatile, these companies must find ways to appeal to cautious shoppers.
Nigeria, Ghana, Senegal, and Côte d’Ivoire are among the countries with mixed signals in their fiscal plans, leaving brands to navigate a complex path towards recovery and growth. Despite the challenges, there are opportunities for battered brands to bounce back and for premium brands to regain their footing.
According to Ato Micah, Managing Principal of consumer insights firm Maverick Research, these budgets reflect each country’s priorities, but the focus for FMCG companies should be on how these decisions affect the everyday consumer. This means prioritizing value, agility, and execution at the last mile.
For Micah, understanding the consumer journey at a granular level is crucial for success in this environment. It’s no longer just about having a strong brand; it’s about adapting to the changing market and consumer behavior. As the governments unveil their budgets, consumer goods companies must remain vigilant and strategic to thrive in West Africa
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