Why You Should Invest In Nigeria

Starting your own business or making a decision to invest in a business idea is not just the problem, but making sure that the business you want to venture into is a viable one and ensuring that the business is located in the right environment, should be the major problem.

Remember, so many people had in the past started one business or the other and in the process lost their whole investment, which I wouldn’t want you to also be a victim, and that is the reason why you should read this write-up carefully, and possibly share it with those you love.

During my personal research on why businesses fail, I came to understand that out of 10 businesses that failed after startup, 7 failed as a result of improper business research before startup, poor management, and wrong business location.

 

How can you just come up with a business idea today and rush immediately to start it up tomorrow just because you have the capital at hand, without a thorough market research to know whether the products or services you want to render via the business are really needed by the people?  And how can you also fail to find out the percentage of people who may likely need the products or services, and possibly research on the importance of the product to the potential buyers? I want to guarantee you that any business started on a hasty decision will most likely fail.

The world is no longer favorable to new businesses like in the past because there is a rapid population increase globally, which also means there are plenty businesses probably doing the same thing you want to do, so you need to stand out, and convince potential buyers of your new business products or services that you have come with something interesting and different, else, you may not succeed.

When a friend, colleague or family member tells you about a certain business idea, don’t rush to start it just because it sounded viable to you, NO, please sit down and analyze it first and if possible, consult professional business development experts to research on the viability of the business before you invest your capital in the business.

I have hundreds of viable business ideas I have taken time to research, which I can sell to investors and entrepreneurs or partner with interested ambitious entrepreneurs, but I must be sure that the person is ready to succeed in that particular business sector before I can release the idea.

That’s by the way, why should you invest in Nigeria?

Yes, every foreign media is carrying one bad or evil news about Nigeria- how a certain terrorist group has killed all Nigerians and how militants kidnap both Nigerians and foreigners and demand for huge ransom, and you just believe and conclude that Nigeria is finished, in fact inhabitable, but hey, I am also writing and publishing this very article from Nigeria, and for the past two decades or so, I have never witnessed a bomb blast, arm robbery or any kind of social unrest, but that doesn’t mean that where I am now is a replica of heaven, but I can honestly tell you that Nigeria is currently a very peaceful nation aside the Northern part of Nigeria where we have some religious extremists trying to enforce their religious doctrines on people living there, and since they are not succeeding, they decided to take to violence, though the government is trying its best to control the situation, and they will with time.

For your own piece of information, we have giant foreign companies and investors trooping into Nigeria on daily basis to explore one business opportunity or the other, and I can boldly tell you that they are smiling big to the bank more than they would have if they stayed back in their home countries.

Now, below are some of the reasons why you should come and invest in Nigeria.

1.       Population is business: you can agree with me that wherever there is population, there are several business opportunities latent in that region. Nigeria is the highest populated black nation in the world, with over 150 million people, which means excess opportunities for ambitious entrepreneurs ready to explore a new business ground.

2.       Crude Oil Money: Nigeria is amongst the top 10 oil producing nations of the world, what does that tell you? There is money for entrepreneurs here, what are you waiting for?

3.       Low Tax: if you are looking for where to plant a business and not pay so much tax, then come to Nigeria.

4.       Availability of Raw Materials: aside crude oil, Nigeria is blessed with several other natural and agricultural resources that are useful for manufacturing most human consumables used worldwide. We have palm nut, palm kernel, and palm oil in excess quantities here in Nigeria. We have ground nut, cashew, coffee, cocoa, cassava that can be used for making flour and ethanol, etc, and we have rice, wheat, corn, rubber, etc.

5.       Cheap Labour: Nigeria has the cheapest manpower in the world. China cannot be compared with Nigeria when it comes to cheap labor. Nigerians are very hardworking and energetic, and they are also fast-learners, once you train them, they are good to go, and happy working for you even at minimal pay.

Things you should have in mind before coming to Nigeria

Nigeria has no constant electricity or power supply, but there are reliable and affordable alternatives, so don’t let that discourage you unless you aren’t serious to do business.

Don’t expect all parts of Nigeria to have smooth roads like you have in Paris or London, even though there are places with such looks, but not all regions. If you want to live in a mega city like Paris, then you should be considering living in Lagos Island areas, Abuja and Port Harcourt main cities where so many oil workers, foreigners and government officials live.

If you love beautiful women, then you have come to the home of African queens ready to mingle with you cheerfully. Our women are friendly, beautiful and intelligent, you may never want to marry your country women if you stay with a Nigerian girl, so be warned! Lol…

Expect to witness harsh sun weather if you are coming from Antarctic regions, or places that witness snow. Snow doesn’t fall in Nigeria, during winter; Nigeria experiences rain instead of winter. Our summer is a bit harsher than the summer in London, but similar to the one in Arizona United States, but never as harsh as that of Dubai.

We have a sweet weather that you may fall in love with when you come.

WARNING!

Don’t do business with anyone that writes you unsolicited for a business partnership or transaction. If you want to invest in Nigeria, please come down here and pay a visit first to survey the environment if it is okay by you. I will be willing to assist you at no cost, by taking you around, and showing you places.

Don’t engage in a black business, ensure every business you do here is well documented by a legal person with a verifiable office address. Make sure your business is registered with our CAC (Corporate and Allied Companies Commission) when you decide to startup one.

Before you do any business in Nigeria, please pay a casual visit first and study things. Possibly, visit the appropriate government agency for foreign investors. We have our foreign affairs ministry, we have ministry of commerce and industry, and others, and I believe they will assist you in making certain vital decisions without you standing a risk of being defrauded or conned.

Like I said earlier, I will be glad to assist you if truly you want to invest in Nigeria.

Now, for a clue or tip, if you want to invest in the following businesses, make sure you have the following capital at hand:

*Real Estate & Property Business- $700,000 - $2,000,000

Agro Business- $20,000 - $100,000

*FCMG Manufacturing- $1,000,000 - $10,000,000 (depending on the size of the plant)

Consumable Goods Trading- $10,000 - $50,000

*Electronics Importation/Resale- $50,000 - $200,000

*Grocery Store/Super Market- $30,000 - $150,000

*Passenger Transportation (Inter-States)- $200,000 - $1,000,000

*Passenger Transportation (City transport)- $50,000 - $300,000

Haulage- $100,000 - $2,000,000 (depending on the size)

*Education (Primary & Secondary)- $500,000 - $5,000,000 (depending on the size and facilities)

Education (Tertiary)-

Oil & Gas (Diesel, Petrol, Kerosene & Cooking Gas)-  

Note: The ones with star are fast returns on investment businesses you can venture into. If you have any question, do contact me. Good luck!