People engage in business because they want to be rich. For this reason, they think carefully about what to produce, for whom to produce and where to produce. Eventually, some of them decide to do it in fertile lands such as Nigeria. Doing business in Nigeria has been seen to be beneficial to participants over the last couple of years.
The major factor for making gains is the size of the market. Businesses in Nigeria do not have much work to do in finding market for their products. This is because the country has the highest number of people in Africa as more than 140 million individuals live there. Countries like China and other upcoming economies think about going to Nigeria to increase their popularity.
Businesses in the country do not pay high tax. Unlike other countries where multinationals are heavily taxed, businesses in Nigeria are exempted from certain duties. The aim is to attract investors who will help in developing the country. When compared with other countries, so many multinationals decide to locate their business in places such as Lagos, Abuja and Kano.
The large population in the country promotes availability of quality and cheap labor. Without much advertisement, companies can find unskilled, semi-skilled and skilled labor. The high number of unemployed graduates in the country makes labor readily available and efficient as the people try to improve their worth by taking courses and attending workshops.
Nigeria is no longer backward in infrastructural development as it is actually among the most developed in Africa. This reduces cost of production, which is directly proportional to the cost of transportation. Experts and other personnel from other countries can easily come in and out of the country by using any of the international airports. There are international and domestic airports in the North, South, East and West of Nigeria.
Very soon, electricity problem will be history in the country. As part of the efforts to achieve this, the government has handed over its regulations to private hands. Today, the number of transformers has increased in geometric progression and more electricity is being generated. More power stations are also being created to minimize erratic supply of electricity.
With a stable government in the country now, investors need not worry about planning for the future. The government has policies that can stand the test of time and some of them are geared towards helping foreign investors. The government is now by the people and for the people so individuals can voice their opinions on what they feel should be done to make everyone happy. The appointment of ministers with good past records is a good omen for the polity.
Coming to Nigeria for business is worthwhile because the land is green. Food crops and commercial crops can be planted and processed for raw materials. For example, soap making companies can utilize palm kernels produced by palm tree farmers and the shells used to make feeds for poultry. Nigerians are also among the happiest people in the world and you can quickly become friends with them.
The major factor for making gains is the size of the market. Businesses in Nigeria do not have much work to do in finding market for their products. This is because the country has the highest number of people in Africa as more than 140 million individuals live there. Countries like China and other upcoming economies think about going to Nigeria to increase their popularity.
Businesses in the country do not pay high tax. Unlike other countries where multinationals are heavily taxed, businesses in Nigeria are exempted from certain duties. The aim is to attract investors who will help in developing the country. When compared with other countries, so many multinationals decide to locate their business in places such as Lagos, Abuja and Kano.
The large population in the country promotes availability of quality and cheap labor. Without much advertisement, companies can find unskilled, semi-skilled and skilled labor. The high number of unemployed graduates in the country makes labor readily available and efficient as the people try to improve their worth by taking courses and attending workshops.
Nigeria is no longer backward in infrastructural development as it is actually among the most developed in Africa. This reduces cost of production, which is directly proportional to the cost of transportation. Experts and other personnel from other countries can easily come in and out of the country by using any of the international airports. There are international and domestic airports in the North, South, East and West of Nigeria.
Very soon, electricity problem will be history in the country. As part of the efforts to achieve this, the government has handed over its regulations to private hands. Today, the number of transformers has increased in geometric progression and more electricity is being generated. More power stations are also being created to minimize erratic supply of electricity.
With a stable government in the country now, investors need not worry about planning for the future. The government has policies that can stand the test of time and some of them are geared towards helping foreign investors. The government is now by the people and for the people so individuals can voice their opinions on what they feel should be done to make everyone happy. The appointment of ministers with good past records is a good omen for the polity.
Coming to Nigeria for business is worthwhile because the land is green. Food crops and commercial crops can be planted and processed for raw materials. For example, soap making companies can utilize palm kernels produced by palm tree farmers and the shells used to make feeds for poultry. Nigerians are also among the happiest people in the world and you can quickly become friends with them.
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