CALVINDOL
VIP Contributor
Not all countries of the world are considered to be developed because presently we still have developing and underdeveloped countries some of which exist in areas of Africa mostly West Africa. But even with that in most developing and underdeveloped countries there are still businesses existing in them in one region to another region. The country Nigeria which is one of the countries residing in West Africa is basically considered to be a developing country and in fact it is considered that two-third of the countries population is occupied by businesses as a result of the high rate of unemployment existing in Nigeria presently. A foreign investor might want to establish a business in Nigeria but before doing so he or she is expected to carry out considerable factors to determine whether it would be good to establish a business in a developing country like Nigeria.
Nigeria itself is a very richland in all forms of mineral resources or raw materials, but the only thing is that our leaders and those whom we the citizens look up to and misusing the country's wealth and resources. As a foreign University developing a business in Nigeria can be a good idea since it will aid in creating local employment for the people, and most importantly, you may be granted tax incentives by the government despite being a foreign investor. You can also get access two large rate of labour in a country like Nigeria that is because 90% of the country's population, are unemployed.
Nigeria itself is a very richland in all forms of mineral resources or raw materials, but the only thing is that our leaders and those whom we the citizens look up to and misusing the country's wealth and resources. As a foreign University developing a business in Nigeria can be a good idea since it will aid in creating local employment for the people, and most importantly, you may be granted tax incentives by the government despite being a foreign investor. You can also get access two large rate of labour in a country like Nigeria that is because 90% of the country's population, are unemployed.