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Doing Business In Nigeria

Conducive Business Climate

Nigeria offers the basic facilities required to do business in the country. These are:

  • A fairly well developed infrastructure
  • Dynamic banking community
  • Relaxed foreign exchange regulation
  • Existing Stock Exchange for raising of capital
  • Large local market for industrial commodities
  • Good accommodation facilities (world class) in major cities
  • Fixed and mobile telecommunication systems
  • Several private and state owned airlines with daily flights between major cities
  • A large commitment by government to privatization of state owned companies.
  • Existing joint venture opportunities in several projects.
Starting Point

Foreign nationals desiring to do business in Nigeria will need to:

  • Incorporate a new company or a Nigerian branch of their company. This is achieved through the Corporate Affairs Commission.
  • The new company may also be registered with the Nigerian Investment Promotion Council.

The various ministries in charge of regulating a particular business interest will have their own specific guideline. The one stop shop for all necessary backup information is in the National Investment Promotion Council (NIPC) Maitama-Abuja.