Reasons to do business in Nigeria
Hey guys, Stephen here again; just wanted to run through reasons for you to do business in Nigeria.
- The exchange rate: We all know at the moment Nigeria is going through some form of recession – which means you get more Naira for your pounds, your dollars & your euros. Nigeria is a growing market with well over a hundred sixty million. With the right marketing; any business you go into will be successful and profitable.
- Innovation: Nigeria being a growing economy, there is room for innovation for people to try new businesses that have not been thought of in Nigeria. Nigeria has opportunities opened at every corner just because one came in to do one business doesn’t mean you have to stay into that business. We can have different types of business combined together and it gives the opportunity to grow into different areas and have different opportunities.
- Competitive labour force: due to the high unemployment rate in Nigeria, everybody’s willing to work which in turn drives down the labour markets which makes you pay lower for the staff that you need.
In conclusion I have highlighted some good reasons to do business in Nigeria, if I have missed any or you thought of new reasons to do business in Nigeria Please write in the comments section below. Thank you and have a brilliant day.