Moving To Nigeria To Start A Business

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Date: November 24, 2009, 02:30 PM
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Author Topic: Moving To Nigeria To Start A Business  (Read 1707 views)
ajayi1 (m)
Re: Moving To Nigeria To Start A Business
« #32 on: April 27, 2007, 02:42 PM »

, you need to watch your step before you carry it up. What i mean is that you have to be carefull
femo2000 (m)
Re: Moving To Nigeria To Start A Business
« #33 on: December 19, 2007, 10:16 PM »

@Poster
Its really good u want to invest in Nigeria, Please Do your feasibility very well.
How ever I have some tips to give u

1 Never try to get loan from Nigerian banks cos the interest is gonna kill u,they can easily give u the loan because of where u're comming from but all in a bid to milk ui.e its just like u're gonna be working for them

2 try to grow your business without a loan.

3 you really need 2 find solution to eletricity, you can buy generators but the running cost(diesel,maintenence) is going to kill you.
 you can site your prodtn plant somewhere in ibadan, calabar, akwa ibom,Port harcourt or industrial estate in Ota Ogunstate where eclectricity is stable. thinking of Lagos?? you will soon go back to the states empty.   
But I can assure you, your market is great in lagos.

4 get local materials

5 Please employ experienced Nigerian invital areas and PAY THEM WEll or esle? Cry

On d last note I beg make u get one correct pastor wey go do special prayer on the site because Nigerian demons(witches) no get respect for kolor(oyinbo) Shocked Shocked

Wao I hope this helps Smiley Smiley
obua (m)
Re: Moving To Nigeria To Start A Business
« #34 on: December 20, 2007, 08:34 AM »

  Get a good consultanty to do recruitment for you.
Hook up with a good marketing agency.
Plan well for your raw materials .
You can also cite the factory in an area that has good power supply to reduce cost of running generators.
Banks interest rates are high but  profit margins are also high. Lot os foreigners come to Nigeria with empty briefacases and build up multi million naira businesses
Be determined to succed.
Nigferia is a product hungry market
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