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  • Business In Nigeria

    Challenges Doing business in Nigeria

    While there are many opportunities for companies looking to do business in Nigeria, there are some challenges to be aware of. These include:

    ◇poor power supply nationwide
    ◇weak infrastructures across many sectors
    ◇some security challenges
    ◇government bureaucracy when awarding and paying for contracts
    ◇high level of corruption
    ◇high unemployment and poverty

    The top 10 UK exports to Nigeria are:

    ◇petroleum, petroleum products and related materials
    ◇power generation equipment
    ◇transport equipment
    ◇road vehicles
    ◇general industrial and office machinery/equipment
    ◇essential oils and perfume materials
    ◇medicinal and pharmaceutical products
    ◇textile yarn and fabrics
    ◇fruit and vegetables

    Opportunities for UK businesses in Nigeria

    1. Infrastructure

    ◇import and distribution of materials and equipment
    ◇hospitality and recreation real estate
    ◇warehousing, haulage and logistics
    ◇mass housing and road construction
    ◇manpower development and training in the rail subsector
    ◇services for loading and offloading goods

    2. Offshore Liquid Natural Gas (LNG)

    ◇gas gathering
    ◇operating and securing processing facilities and pipelines

    3. Agriculture

    ◇equipment supply
    ◇education and training
    ◇food processing and manufacture
    ◇haulage, storage and waste recycling
    ◇poultry and fish farming
    ◇commercial mechanised Farms

    4. Education and Training

    ◇setting up and running universities and training centres
    ◇corporate training
    ◇supply of equipment and resources
    ◇distance learning products
    ◇collaborations with UK universities
    ◇behavioural and social training (soft skills)

    Source: UK Government 

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