START-UP DEVELOPMENT IN NIGERIA
5 Steps you must take before you open a business in Nigeria It is simple to start a business in Nigeria. All you need is to find out about some common business ideas and concepts which are perceived to be profitable and carried out by many people and invest in them. In this case, you are aware of the amount of risks involved and the level of commitment required. Little or no form of innovation is expected. They are basically retailing and typically informal. Individuals with huge sum of money may begin as whole-sellers and distributors of imported/manufactured goods, and some may combine whole-selling with retailing in order to increase their revenue and hence their profit. Where the individuals have acquired skills in areas such as tailoring, soap making, food processing, bead making, carpentry, mechanic, welding, shoe making, painting, photographing, animal husbandry, fish farming, horticulture, etc with some business skills, it is assumed that they are ready to start an...