Research and Publication
Our vision is not one that can be single-handedly achieved, so we have partnered
with organisations that understand the vision and share our values.
Regulatory Framework
Nigeria has a complex and evolving regulatory framework that can pose challenges for businesses. This includes issues such as multiple layers of government regulations, bureaucratic bottlenecks, inconsistent policies, and sometimes cumbersome processes for business registration, permits, and licenses.
Infrastructure
Nigeria faces infrastructure challenges, including inadequate transportation networks, unreliable energy supply, and limited access to quality telecommunications services, which can impact the cost of doing business and affect operational efficiency.
Access to Finance
Access to affordable financing remains a challenge for many businesses, especially small and medium-sized enterprises (SMEs), due to high interest rates, limited availability of credit, and stringent collateral requirements from financial institutions.
Corruption
Corruption is a persistent challenge in Nigeria, and it can impact businesses through unethical practices, bribery, and extortion, which can increase the cost of doing business and create barriers to entry for some companies
Skills and Talent
Skills and talent gaps can be a challenge for businesses in Nigeria, particularly in specialized sectors, where there may be shortages of skilled labor or challenges in finding the right talent to meet business needs.
Security
Security concerns, including issues such as crime, kidnapping, and insurgency in some parts of the country, can pose risks to businesses, particularly in sectors such as agriculture, oil and gas, and transportation.
Market Access
Access to affordable financing remains a challenge for many businesses, especially small and medium-sized enterprises (SMEs), due to high interest rates, limited availability of credit, and stringent collateral requirements from financial institutions.
Policy Instability
Nigeria has experienced policy shifts and changes, which can impact businesses’ ability to plan and make investment decisions. Changes in regulations, taxes, and other policies can create uncertainty and affect business operations.
Nigeria’s socio-political environment can impact businesses, including issues such as political instability, social unrest, and ethnic tensions, which can affect business operations, supply chains, and investment decisions.
Despite these challenges, Nigeria also offers opportunities for businesses, including a large consumer market, a growing middle class, and untapped potential in sectors such as agriculture, mining, manufacturing, and services. The government and various stakeholders are also taking steps to address some of the challenges and improve the business environment, including policy reforms, infrastructure investments, and efforts to combat corruption.
Our business advocacy efforts can play a crucial role in addressing these challenges and promoting a conducive business environment that fosters economic growth, job creation, and sustainable development in Nigeria.