Nigeria Ecoinfo Blog

Starting a business is not a walk in the park or a get up and get going project like most people may think. Running a successful business in Nigerian is tough; it is a serious bustle but with high reward. For your business to survive you have to be tougher. To be tougher you have to not only know these important steps but you must make conscious effort to follow them. Nigeria is filled with good business terrain for operating successful businesses. With the vast existing business opportunities in Nigeria, it is vital to be well-grounded in tackling the challenges associated with starting and running a successful business in the country. This article was not written to discourage you, but meant to prepare you for your business venture. Starting a successful business requires careful planning, you may think that this is not important but it can be the thin line between your business success and failure. Presented here are top 10 important steps you must take before

Are you thinking about starting business in Nigeria and don’t have enough reasons why you should put your idea to action? Maybe you fear the failure of the venture. It is normal to find oneself in this form of circumstance, especially, when it relates to business involving risk taking with the hope of reaping monetary reward. We shall in this second article in Doing Business in Nigeria Series be highlighting some of the strong reasons why you should start business in Nigeria today. Now, to be straightforward with you, I don’t take heed to what the World Bank, AfDB, IMF and other similar institutions’ statistics say about Nigeria economy . I am not scared of investing in Nigeria and I don’t see reason why an investor should either. I am equally not stimulated by the politically inclined propaganda promoted on the media about Nigeria and I urge you not to. The fact is that the chances of business success in Nigeria is always more than that of business failure if

The matters surrounding the 2016 appropriation bill indicated that Nigerian economy challenges goes beyond the crumbling crude oil prices. Budget which is the estimation of expected income and proposed expenditure for a stated period of time (usually, for a year) is an important document required for the smooth operation of an entity; businesses, governments and households need budget for executing their projects/programmes. Nigeria’s budget ought to have been debated and passed for implementation as of today but the issue surrounding the whole procedures of national budgeting in Nigeria has been matter of great concern to Nigerians who are hoping to benefit from the budget implementation. First were the incorrect figures going about on the media giving amount of the proposed budget even when the final tally of such allocations was still being compiled by the Ministry of Budget and Economic Planning. It wasn’t long after President Muhammadu Buhari presented a budge