Nigeria has enormous resources, most of which are yet to be fully exploited. They include mineral, agricultural and human resources.
Nigeria offers the market in sub-Saharan Africa, with a population of about 180 million people. The Nigerian market potential also stretches into the growing West African sub-region.
The Government has put in place policies and programmes that guarantee a free market economy. Administrative and bureaucratic procedures have been greatly streamlined.
The country has a dynamic private sector, which has assured greater responsibilities under the new economic environment.
The fifth consecutive national elections, held in March and April 2015 and won by an opposition party, marked the first peaceful transfer of power between two political parties in Nigeria’s history.
Exchange control regulations have been liberalized to ensure free flow of international finance. There is now unrestricted movement of investment capital.
There is well-developed banking and financial sector. The investor has easy access to working capital and other credit facilities.
There is an abundance of skilled labour at an economic cost, resulting in production costs, which are among the lowest in Africa.
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