Nigeria: Why Nigeria Is Hotspot for Business Enterprise

2 April 2015

Nigeria is without a doubt, one of Africa's top business destinations, despite the many challenges the country faces. Doing business in Nigeria comes with a high risk-high opportunity ratio but there are unique benefits and trends with regards to the nation's economic development. Africajumpstart.com lists the following as some of the things that make Nigeria an attractive business destination.

Highest business start-up rate - According to a recent study published by CNN, both Nigeria and Zambia have the highest business start up rate on the continent, at 39.9 percent, followed by Malawi and Ghana. This means that you will be literally surrounded by entrepreneurial spirit. But it even gets better than that for Nigeria. While many countries report a huge rate of start up discontinuation soon after, Nigeria has by far the biggest success rate. More businesses survive in Nigeria beyond the first five years than anywhere else in Africa.

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