Commerce in West Africa!

[PICKFORD]

At present with the development of commercial activities which have reached a crucial stage in Nigeria the introduction of sophisticated modern technology such as computers, email, internet etc to facilitate trade many commercial centres have developed in many cities and towns like Lagos, ibadan, Kano, Port Harcourt, Kano, kaduna, ilorin among others. Initially Africa in Nigeria to be precise was known for agricultural practices and activities but in the 1960s the exploration of crude oil brought business men from all over the world to Nigeria that process change the face of commercial activities in Nigeria hit revenue was generated to develop the infrastructural facilities example communication system, roads, flyovers, railways, airports, and the modern seaports etc.
But yet they are some factors that still hinders the growth of commerce in West Africa, Nigeria some of which include insufficient capital: due to the country lack of insufficient capital to cope with expanding nature of business activities the level of capital formation has dropped also political instability has play a bad role in affecting commerce constant change of government in West Africa foreign investors are afraid to invest in the sub-region, and also per capital income of various individual are low that is why a lot or majority of people live below the poverty line in this region of the world, illiteracy is not let out the high rate of illiteracy in this region has also affected the growth of commercial activities and practices.

 

[Kingsley]

West Africa is truly the economic hub of Africa, with Nigeria been the giant of Africa in terms of trade and commerce, there is no other country in Africa that has the market size of Nigeria. Lagos alone holds a population of about 24 million people with that size of population like Lagos you can imagine the strength of it market size. We also have other large cities in Nigeria with so much population that holds millions of people and has somany international markets. Goods and services comes from all over the world to Nigeria alone.

My only worries is that the government of Nigeria are not making a very good use of the population we have here in Nigeria to establish factories and companies that will facilitate processingof goods and services that will better the lots of her citizens rather than depend on what we import from other countries, which has a very huge negative impact on our economy.

Infact if the government here has made provision for a more enabling environment like providing stable power supply, good road and start up capital, where business men and women can start up food processing business, Then Nigeriawill be able to feed the world.

 

[Reinow6]

Ghana is the best place to start a business in West Africa