There are 3 Companies in Nigeria
that provide Commercial Property Management Services!

Nigeria’s ICT sector was worth an estimated $32.48 billion in 2017, constituting 31.7% growth from 2016. The telecommunications segment makes up the vast majority of this at around $2.1 billion. Other important contributors are broadcasting, data center services, cloud, IT, and BPO.

Nigeria’s combination of relatively stable governance, strategic location, and young and innovative population has made it an attractive destination for multinational companies. Several notable firms such as Oracle, IBM, Microsoft, Cisco, HP, and SAP have offices in Nairobi, and some have based their entire African operations from these offices.

Why you should work with Nigerian IT companies

Digital service providers in the cloud and BPO markets are largely involved in the provision, rather than the development, of services, whilst Nigerian firms are more prevalent in the fintech and eCommerce markets. The physical technology required for the delivery of digital services is typically imported, and it is not clear that Nigeria could produce these products more efficiently. 

A key strength in the digital services market is the acceptance of mobile services. Any consumer solution entering the market would have to be mobile-compatible. Mobile healthcare services are expected to grow particularly rapidly as the sophistication of these offerings increases.

In addition, the CEO of Toniceli considers that one of the competitive advantages Nigerian IT companies have compared to those established in neighboring countries is the challenging conditions. Here in Nigeria, we're used to working in challenging and stressful environments. This gives us grit especially when faced with challenging projects. It's just a part of our nature to face challenges headlong and not to back down.

What to pay attention to when working with Nigerian IT companies and web agencies

On the consumer side, it is vital that any proposed digital service offering be mobile-compatible due to the prevalence of mobile usage in Nigeria. Furthermore, smartphone penetration in the region is steadily increasing, thus increasing the sophistication of viable digital service offerings. 

Given the acceptance of fintech by the Nigerian population, a possible route to entry in the consumer market is to acquire one of the many smaller fintech firms in the industry. This would resolve some of the primary barriers to entry, most specifically bureaucratic red tape and a lack of local knowledge. 

On the corporate side, the most effective route to entry is likely through partnerships with smaller local resellers. This model is already popular in the Nigerian market. A key differentiating feature here will be how well the service adapted to the Nigerian market.

How reliable are Nigerian-based IT companies?

Considered to be one of the biggest African IT hubs, Nigerian web agencies and IT companies compete only with Ethiopian ones in terms of reliability. As many foreign companies have already invested and thus developed the local IT infrastructure and industry overall, Nigerian IT companies find it easier than other neighboring countries to enter the global market and provide their services for accessible prices. 

How the Nigerian IT industry relate to the neighboring countries?

Nigeria is actively trying to establish itself as a key ICT hub in the East African region. The country appears to be making good progress in this regard, helped by having a strong connectivity infrastructure and a young, innovative population. Despite this, the country currently faces considerable political uncertainty, and issues surrounding the transparency of tenders remain a major barrier to growth.

Although Nigeria’s score for the metric measuring the economic impact of ICT is not high in absolute terms, it ranks 54th in the world. This supports the conjecture that businesses, government, and consumers will be receptive to new technologies as ICT has already had a substantial impact on the Nigerian economy.

The Business Environment in Nigeria

The CEO of Toniceli - a leading Nigerian IT company, Oluwayomi Olabanjo states that The Nigerian business environment is one which is quite growing rapidly. Most business environments are still very much clustered in the city of Lagos, but over the years, there's been an expansion in economic clusters in other cities. There had been challenges in infrastructure, policies, power, and access to professional training and education, however, things have been getting better over time, especially with the coalition of private and public enterprises addressing these challenges headlong. I would say the biggest factor we've had working for us in the Nigerian market is the availability of youthful talent and the increasing flow of foreign and local capital into the market.

 What Makes Nigeria Attractive for International IT Companies?

Oluwayomi Olabanjo mentions on this topic that What makes it attractive is the abundant supply of youthful talent. However, unstable government policies, infrastructure, and power shortages are challenges making it unattractive for international IT companies.

Yet, the Nigerian Communications Commission had been doing quite a lot with the startup bill and also with the establishment of public-private incubator programs within the country. I really do believe they should be given credit for this.

Lagos, Ibadan - Best cities for doing IT business in Nigeria

Lagos due to the fact that it has always been the economic hub of the country, hence the IT industry has found it quite easier to experience growth in that space.

Ibadan due to the fact that it is a fast growing economic hub and also, there's less capital expense in setting up and running a company here. - mentioned Oluwayomi Olabanjo.

Commercial real estate ownership and investment can be quite rewarding. On the other hand, managing your property can be time-consuming and emotionally draining. That’s where commercial property management services come into play.

Commercial Property Management specializes in managing and maintaining commercial properties such as office buildings, retail spaces, industrial complexes, and mixed-use developments. 

This service is aimed at property owners that get expert assistance in handling various aspects of property management, allowing them to maximize the value of their investments while minimizing their day-to-day responsibilities regarding their properties. 

So let's note what a commercial property management company does:

1. Handle day-to-day operations
2. Maintains Calls
3. Communicate with the tenant
4. Inspect the issue
5. Identify the best way to handle it
6. Coordinate the repair
7. Keep track of your expenses

A good property management company will take on all of that responsibility on your behalf.

Property inspections

Your manager will visit your property regularly to keep an eye on everything.

Rent Collection

Collecting rent can be sometimes awkward, but your property manager will help you, by automating rent collection and deposits right into your bank account.

Financial reporting

A property management company provides detailed financial reports, including income statements, balance sheets, and cash flow statements, enabling property owners to make informed decisions about their investments.

Marketing and leasing

Attracting and retaining tenants is a critical aspect of commercial property management. Property management professionals develop marketing strategies, advertise vacant spaces, conduct property tours, and negotiate lease terms, helping property owners secure reliable tenants and optimize occupancy rates.

Commercial property management services have been in high demand for several years and continue to grow.

The process of choosing the right commercial property management company could be challenging, however, it will result in a significant decision that can greatly impact the success of your investment. 

Here are several factors that should be considered when choosing a commercial property management company:

• Firstly, it's important to assess their experience and expertise in managing properties similar to yours.
• Look for a company with a proven track record and a solid reputation in the industry.
• Check for any certifications or affiliations with professional organizations, as this can demonstrate their commitment to maintaining high standards.
• Additionally, consider the range of services they offer and whether they align with your specific needs
• Review their fee structure and compare it with other companies to ensure it aligns with your budget and provides good value for money
• Furthermore, take the time to read reviews or seek recommendations from other property owners who have used their services. This can provide insights into their level of professionalism, responsiveness, and overall customer satisfaction.

By considering their experience, services, reputation, and fees, you can make an informed choice that will help you maximize the value of your commercial property while minimizing the stress and effort involved in managing it.

There are more than 92 companies on our platform that offer a wide variety of commercial property management services. Explore their detailed profiles, and client reviews, and feel free to get in touch with them.

We’ve created also a powerful filter that you can use to narrow down the results based on your requirements and shortlist the companies. 

Alternatively, you can submit your project and our team will select and send you the best matching companies in about 1 hour. It’s free of charge.