Challenges of Nigeria business environment

Nigeria is a country located in the western part of Africa blessed with human, mineral and natural resources. Her human resources are derived from its large population standing as the most populous country in  Africa as a continent. The mineral resources in Nigeria ranges from Coal, Lignite and Coke, Gold, Columbite Wolframite and Tantalite, Bitumen, Iron Ore, Uranium, Ecological effects e.t.c. Challenges of Nigeria business environment is now the talk of the town.

Talking about her natural resources, Apart from petroleum (i.e to say the crude oil), Nigeria’s other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc, gold,Kaolin, Syenite & Tatium and arable land. The oil and gas sector as been accounted as taken about 35% of her Gross Domestic Product (GDP) and its petroleum exports revenue represents over 90% of her total exports revenue.

Despite the growth of the economy and the potential of great business opportunities, there are challenges of Nigeria business environmentwhich stand as predators (constraints) to the survival of business in the country.