Trade With Nigeria

www.tradenigeria.org... This guide will give investors a high level overview of Nigeria which should hopefully lead to a more detailed and tailor-made analysis required in making informed decisions about doing business and investing in Nigeria.

www.tradenigeria.org... Expats looking to do business in Nigeria, and especially those who have never done business on the African continent before, will certainly have to prepare themselves for some unique challenges. Although great strides have been made within the corporate world in Nigeria – one of the most oil-rich countries in the world and Africa's largest economy – the country still suffers from massive corruption and a debilitating lack of infrastructure; two factors that can make doing business difficult, to say the least. However, expats should remember that a tremendous amount of business does get done in Nigeria, and jaded or pessimistic views about the country are not always well deserved. Nevertheless, doing business in Nigeria is challenging, as illustrated by numerous international business surveys. Most notably, Nigeria ranked 146th (out of 190 countries) in the World Bank's 2019 Ease of Doing Business Survey. This marked a solid improvemen

www.tradenigeria.org... Why should I invest in Nigeria? Nigeria may be better suited for experienced exporters rather than early-stage start-ups since it requires significant time and resources. However, despite challenges, not least of which is the possibility of carrying a loss for a few years, there are certainly rewards to be made for the experienced and intrepid investor.

www.tradenigeria.org.. Industrialization and The Nigerian Economy Industry plays a major role in the economic growth of any country. Highly industrialized nations boast of developed economies and can afford high standards of living for the citizens. Industrialization creates jobs, enables a better environment and ensures stabilization of the economy. The structure of any economy should be one which has industry playing a dominant role in its composition. The Sustainable Development Goals (SDGs) are universal goals and targets that were initiated in 2015. They replaced the Millennium Development Goals (MDGs) which started a global effort to tackle the indignity of poverty. Two of the goals (SDGs 8 & 9) align with the industrial development of nations. Over the years, the Nigerian economy has recorded phenomenal growth due to its industrial sector, with the small-scale industry taking a pivotal role in this race. This industry is the backbone of the economy, sustaining dev

www.tradenigeria.org.. Nigeria has very similar business and legal practices to the UK, an while there are several ethnic tribes and dialects, Yoruba, Igbo and Hausa being three of the major groups, English is still the generally-spoken language.