7 Reasons Why You Should Start a Business in Nigeria Today
  1. Destination Hub: Today, Nigeria still is a destination hub for most global entrepreneurs and investors. In fact, Nigeria is now the largest economy in Africa, the number one destination for Foreign Direct Investment in Africa and one of the fastest growing economies in the world.
  2. Opportunities abound: Opportunities abound in real estate development, franchising, alternative power supply (Solar), mechanized agriculture, shipping management and marine services, human capital development etc.
  3. Unbelievable Size of Market: There are over 170 million people resident in Nigeria and the population in Nigeria is been predicted to overtake that of United States by 2050. Now what this means in essence is that the market is big enough to absorb any product, provided enough marketing and awareness is created. Another positive impact of this population statistics is that there is cheap labor.
  4. Rapid Development: Nigeria is fast developing and there is a huge need for innovative products. Economically, technologically, etc.; Nigeria is growing. That is why entrepreneurs and institutional investors from all over the world are scrambling to invest in Nigeria because they see the potential that we citizens don’t see.
  5. Untapped Opportunities: Nigeria is currently riddled with challenges and the government is currently battling to tackle these challenges. However, you and I know that entrepreneurs see these challenges as business opportunities and are inspired to invest in such markets.
  6. Investor Friendly Policies: The government is working to improve the economic condition of the country, by implementing several policies aimed at encouraging local content production and small scale enterprises. If you are well positioned to take advantages of such opportunities, you will make something from it.
  7. Big Commercial Cities: Big Commercial Cities in Nigeria. The eye of most entrepreneurs and investors doing business in Nigeria is usually in Lagos, Abuja, and Port Harcourt. However, tremendous opportunities are laying waste in other states cities such as Owerri, Aba, Onitsha, Nnewi, Kano, Ogun, Ibadan, Enugu, etc.
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