Nigeria is one of the world’s leading business locations on the African continent. But when it comes to doing business in Nigeria, there are several challenges confronting Nigerian businesses.
80% of new businesses and startups in Nigeria fail within the first 3 years. Doing business in Nigeria could be a wonderful experience when your business venture succeeds, however before success there could be great challenges and difficulties that a new business or startup has to phase.
Starting up a business venture generally comes with its own business risk that may hamper the growth of such business but some problems and challenges are very common to all businesses in Nigeria. In this place, we highlight the challenges of doing business in Nigeria, provide startup tips, business ideas and how to overcome such challenges in other to make sure they don’t kill your business.