Business In Nigeria

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Challenges Doing business in Nigeria
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While there are many opportunities for companies looking to do business in Nigeria, there are some challenges to be aware of. These include:

◇poor power supply nationwide
◇weak infrastructures across many sectors
◇some security challenges
◇government bureaucracy when awarding and paying for contracts
◇high level of corruption
◇high unemployment and poverty

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The top 10 UK exports to Nigeria are:
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◇petroleum, petroleum products and related materials
◇power generation equipment
◇transport equipment
◇road vehicles
◇general industrial and office machinery/equipment
◇essential oils and perfume materials
◇medicinal and pharmaceutical products
◇textile yarn and fabrics
◇fruit and vegetables
◇beverages

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Opportunities for UK businesses in Nigeria
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1. Infrastructure

◇import and distribution of materials and equipment
◇hospitality and recreation real estate
◇warehousing, haulage and logistics
◇mass housing and road construction
◇manpower development and training in the rail subsector
◇services for loading and offloading goods

2. Offshore Liquid Natural Gas (LNG)

◇gas gathering
◇construction
◇operating and securing processing facilities and pipelines

3. Agriculture

◇equipment supply
◇education and training
◇food processing and manufacture
◇haulage, storage and waste recycling
◇poultry and fish farming
◇commercial mechanised Farms

4. Education and Training

◇setting up and running universities and training centres
◇corporate training
◇supply of equipment and resources
◇distance learning products
◇collaborations with UK universities
◇behavioural and social training (soft skills)

Source: UK Government