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Why You Should Start A Business In Nigeria - Business - Nairaland

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Why You Should Start A Business In Nigeria by Daniel45: 6:51pm On Feb 11, 2010
Nigeria is one of the best places to start a business. Though I have not travelled to
many countries but I cant tell you from research that Nigeria is one of the best places
to start and run a successful business. Here are some of my reasons:
1. Nigeria is said to be an under-developing country. That means there are many
needs that have not being catered for. And the more the NEED in a country the
more OPPORTUNITIES you have to make money
2. With less than N5,000 in your hand you can start a business in Nigeria. I don't
know of any other country where you can do such apart from Nigeria. Even if
you don't believe me, just keep reading because I will show you some
businesses that you can start even with N2000 and still make some killing
profits. I started my first business with NOTHING and yet I did close to N35,000
in my first 30 days. Right now I will be angry if all I made in a month is
N500,000 and all that money comes from doing business in Nigeria.
3. If you are truthful. You will find people/partners in Nigeria that are willing to help you. So
starting a business in Nigeria gives you the privilege of getting partners that can help you
kick start your own business.
4. You can also get loans from banks and other institution in Nigeria. I have
never collected loan from a bank before, but I know of people who have. It is
quite easy. Just go to any bank, tell them what you want to do and how much
you need. Negotiate with them and they will give you the money. What people
don't know is this: banks are willing to give you loans.
They are willing to give you money. They will make profits in return, so why
wont they give you the loan which is a seed for them to reap greater harvest of
profit. Our banks gives you a long term to pay back. I mean if a bank gives you
N1 million and then the time you are required to pay bank plus let's say 20%
increase is in 2 years time. For more report on how to start a business in Nigeria visit http://www.bizidea2..com/
Re: Why You Should Start A Business In Nigeria by asscend: 9:50pm On Feb 11, 2010
Thank you. You said u will show us how to start a business with 5000naira, u did'nt.

Thanks anyway for your contribution, very teasy writting to get one excited.

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