For businesses to thrive in Nigeria, the government must provide security, viable policies and an enabling environment for the promotion
and development of industries, experts have said.
Partner Audit, Mazars, Osamudiame Adams, said there are challenges everywhere, but feels the biggest thing is value for businesses coming into Nigeria. Director for Nigeria at Business France , Igor Chlapak, said, it is quite a challenging environment and markets in oil and gas countries, especially Angola but that of Nigeria is different, it is enormous.
Speaking on how to identify businesses in Nigeria, Country Director of PROPARCO, Jean Guyonnet, said identifying business is not really a problem in Nigeria; it is a very dynamic economy so a lot of business opportunities are there. “This is very important for us because, through these local players, we don’t take the lead because we believe these local players are in a better position to reach out to the people. We believe with this, we can address the need for financing young entrepreneurs, which you know there is a huge potential in this country,” he said.
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