Despite the unstable political environment and due to the fast growing economy and dynamic private sector Nigeria is becoming ready for being one of the most adequate destinations for highly profitable investments and trades. This progressive development is supported by a number of incentives put in place by the government to attract investments and trades.
Settling its debts with the Paris Club, the country’s economic risk is considered to be moderate with its yearly ~7% growth rate, which is expected to continue in the foreseeable future. In terms of GDP growth Nigeria performs better than countries in Europe and faster economic growth may be experienced than in Russia or Brazil.
Cooperation is built with other African governments, European and Middle Eastern governments, and the U.S. government against the violence of Boko Haram in the north. Anti-Corruption and Transparency Unit has been launched to improve transparency in payments and control regulations have been liberalized to ensure free flow of international finance (the movement of investment capital has become unrestricted now).
The banking and financial sector is well-developed giving investors the possibility to have easy access to working capital and other credit facilities.
Rapid development of physical and industrial infrastructure can be experienced in terms of transportation, communications, electricity and water supply; however this process is yet in an initial phase.
Its large market with its population of 170 million people offers not only huge consuming market, but also skilled and low cost labour force, which is among the lowest in Africa.
In spite of the slow and inefficient administration system the government is ensuring a favourable climate for business and industrial ventures. This guarantees a free market economy enabling a more convenient business environment for foreign companies to enter.
About the company: Manaconser Global LLC combines the know-how of practiced European professionals and Nigeria experts with more than 15 years of diversified project development & management, business development, investment promotion, market analysis and international sales related references in the most populous country of Africa. The company’s core business is to develop project specific & bankable studies and general reports in various industries and business sectors in Nigeria.
The company is capable and ready to prepare any Nigeria related report, study or document tailored to your special needs.
MANACONSER. NO MORE CONCERN.