Starting a business in Nigeria is favourable for several reasons, including the large and rising population of over 225 million people, which presents significant market potential. Furthermore, Nigeria has one of Africa’s fastest-growing economies, which provides several prospects for enterprises.

Nigeria’s wealth of natural resources, including oil, gas, minerals, and agriculture, provides a solid foundation for various sectors. Furthermore, the supporting Nigerian government offers programs and services to help entrepreneurs and startups, thereby improving the business environment.

Source: Business Day