16 December 2022
Firmus Advisory
To print this article, all you need is to be registered or login on Mondaq.com.
Introduction
Doing business in Nigeria is definitely not something to be
taken lightly, but it’s also not rocket science. If you have
investments and business plans for Nigeria, it would be smart to
have all the necessary information before beginning. There are many
questions that investors ask when they are considering doing
business in Nigeria. Some common questions are, “Is Nigeria
good for doing business?”, “What agency oversees the
registration of businesses in Nigeria?”. Let’s take a look
at the answers to these questions and how investors should approach
doing business in Nigeria.
QUESTIONS INVESTORS ASK
BEFORE STARTING
YOUR BUSINESS IN NIGERIA
Starting a business is no easy feat and the most critical part
of starting a business is the questions you ask. Below are some of
the questions investors ask before starting a business in Nigeria
and their answers:
1. Is Nigeria good for
business?
Yes, it is one of the biggest economies in Africa. A land full
of opportunities and there are measures put in place for ease of
doing business in Nigeria.
2. Is Nigeria safe for
business?
Yes, Nigeria is safe for doing business. Just like any
environment, you need to be cautious and avoid risky areas and take
appropriate measures to stay and remain safe. But largely Nigeria
is a beautiful country.
3. What
are the business opportunities in Nigeria?
There are a lot of business opportunities in Nigeria ranging
from manufacturing, agric and agribusiness, FINTECH, restaurant and
fast food, retail and consumer, trade and import of general goods
and services among others.
4.
What are the profitable businesses to start in Nigeria?
Nigeria has a demand for various goods and services, due to its
population size. Nigeria is a business-friendly economy, what you
need to do is start a business in an area, work hard towards and
make it profitable.
5. What
is the best business to start in Nigeria?
Businesses in tech space, farming, agribusiness, food and
cosmetics, fashion, manufacturing, services, and a host of
others
To view the article in full click
here
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Immigration from Ghana
إقامة الزواج:
Sadany & Khalifa Law Firm
هي تلك الإقامة التي تمنح لزوج المصرية أو لزوجة المصري بناءً على رابطة الزواج، وتكون
Residency By Investment (RBI) Programmes
Abdo Rafiq & Partners
Residency by investment is when a foreign national invests in a country and is then granted temporary residency and will therefore have the legal authority to live in that country for a period of time.
