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The Changing Face Of Business In Nigeria by Kangol99(m): 5:27pm On Jul 13, 2015
Ask most people what they think of Nigeria and the answer will likely include references to oil, population and corruption. Perhaps now Boko Haram. And yet there is a flux of young Nigerians, like me, returning home – excited by the opportunity.

Why?

A quick look at the statistics goes some way to explaining. According to PwC’s recent research, Lagos ranks third out of Africa’s 20 biggest cities in its ability to attract foreign direct investment and its growing middle-class. And in 2013, Nigeria surpassed South Africa as the continent’s largest economy after a statistical revision revealed national GDP to be around $509 billion, trumping South Africa’s $372 billion. So stunned was the international community that the data was in turn verified by the International Monetary Fund, the World Bank and the African Development Bank.

So there is clearly an opportunity to be grasped. But it’s not just the size of the opportunity in Nigeria that is drawing us home, rather it’s the way in which that change is happening. Lagos, Africa’s most populous city, is still dangerous, challenging and clogged with traffic. But it is also exciting, enterprising and increasingly empowering. And following the recent elections, this sense of hope and optimism is growing further.

How is Nigeria changing?

Continue Reading~>> http://www.forbes.com/sites/amyjadesimi/2015/05/21/the-changing-face-of-business-in-nigeria/

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