MAIN CHALLENGES OF DOING BUSINESS IN NIGERIA
MAIN CHALLENGES OF DOING BUSINESS IN NIGERIA Nigeria is one of the largest companies in the world on the African continent . But when it comes to doing business in Nigeria, a typical Nigerian business is met with many challenges. In 2016, Nigeria ranked 169th in the World Bank's Simple Doing Business Survey, out of 189 countries. In the first three years, 80 percent of new companies and startups in Nigeria will fail. Doing business in Nigeria may be a wonderful experience, but a new business or startup will face great challenges and difficulties before success . Starting a business company usually entails its own business risk that can interfere with such a company's growth. Still, all companies in Nigeria have very common problems and challenges. We highlight Nigeria's top business challenges and how to solve those challenges in others to ensure that they don't ruin your business. 1) CAPITAL AND CREDIT ACCESS One of the difficult tasks is to raise money for an