Nigeria has an estimated population of over 150 million people with a land area of 923,768 square kilometers consisting of 910,768 square kilometer land and 13,000 square kilometer water. It offers investors abundant natural resources, a low-cost labour pool, and the largest domestic market in sub-Saharan Africa in addition to a stable political system with a democratically elected government. According to the UNCTAD report for 2009, the country received the largest inflow of direct foreign investment in Africa and ranked as the nineteenth greatest recipient of FDI in the world.
However there are a number of issues which you must consider when you are looking to set up your business in Nigeria. This document takes you through some of the common questions we come across and gives you practical information about the issues you need to consider.