by The professional staff is available to assist Americans find Nigerian partners who are interested in … World Business Culture, West Down, Chalk Hill, Soberton, Hampshire SO32 3PH, Legal Notices It covers key aspects regarding the business climate, applicable business vehicles, taxes, foreign exchange controls and immigration requirements. However, there are also many tangible challenges to doing business in Nigeria that you should also consider, such as poor infrastructure. You can set up your car wash to be self-serving, fully automated, or full-service with attendants who wash the vehicles. Gradually, you’ll be a major supplier and even extend to other offices around. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Company structure. Although Nigeria has a large population, the amount of talent available relative to the country’s size is small. The Presidential Enabling Business Environment Council (PEBEC) was set up in July 2016 by His Excellency, President Muhammadu Buhari, to remove bureaucratic constraints to doing business in Nigeria and make the country a progressively easier place to start and grow a business. We help them succeed by being their trusted information partner – fueling their faster business growth with credible market insights and quick business connections. "This closure has erased millions' worth of trade. There are a thousand and one businesses that can be done, but not all of them stand a good chance of turning out well. Since no one can do without drinking water, you can be sure your business will do pretty well if it is well taken care of. the Presidential Enabling Business Environment Council, Nigeria's president moves to stop funding for food imports, A Pan-African free trade deal just came into force. The primary law governing companies and businesses in Nigeria is the Company and Allied Matters Act (CAMA). Education is a necessary door that every Nigerian must pass through. Slow business deals with new business partners. There are few people currently doing this, most of which are in small scale. Whether you are a small business owner or a manager at a multinational firm, the poor infrastructure will definitely affect your business in Nigeria. Magnitude to which a company can scale is proportional to the skill and talent of the team behind the business. However, there are also many tangible challenges to doing business in Nigeria that you should also consider, such as poor infrastructure. Without an efficient road network and consistent electricity, you can only be as productive as the infrastructure around you. Nigeria’s large population proves appealing for a lot of business, succeed by being their trusted information partner, construct a reliable strategic plan that will help you avoid business pitfalls and roadblocks. However, you are not alone, as many companies doing business in Nigeria face the same issue.