Here are 15 good reasons why Nigeria is a great place for business.

1. Nigerians are one of the happiest people on earth. They were confirmed as the world’s happiest people two years ago by a Gallup poll. Forget the fact that some people, after poll, now say Nigerians are the 100th happiest people. Everybody who has been to Nigeria knows that they don’t play with their happiness.

2. Nigerians are very optimistic even in the face of big difficulties

3. Nigeria’s large market (based on its population) encourages foreign investment eg MTN’s largest subscriber base in the whole of Africa is right here in Nigeria.

4. Tasty soup dishes abound in parts of Nigeria

5. Nigerian’s are their brother’s keeper. They don’t mind their own business when some other person is in trouble. Like is done in some western part of the world.

6. Nigerians are a very forgiving people (which is why many bad leaders are still alive)

7. The Argungu fishing festival (where foreigners and locals enjoy the latest mass fishing carnival complete with traditional music and prizes for fishermen with the biggest catch)

8. Nigerians are peaceful and non-voilent people (that is why uprisings in spite of the Arab revolutions do not occur). Boko Haram terrorists are a very deviant few.

9. Nigerians respect the institution of marriage (far, far fewer divorces than is obtainable in the West and some parts of Africa)

10. Nigerians are one of the hardest working people on earth (that may have been their saving grace)........

http://nairabrains.com/2012/04/15-reasons-why-nigeria-is-a-great-place-to-do-business/

How about infrastructural deficiencies impacting negatively on business?
I mean deficiencies such as poor power supply and the high costs of operating the alternative,diesel generating set to generate power.
Right now, i am considering setting up a business and have knocked out several ideas which require power to operate.
Poor power supply from the national grid and the high costs of running diesel and petrol generating sets is the major impediment.
That is a minus.