Birniwa:
About three economic factors come in mind, below they are:

1. Indian businesses pay 15% of VAT to government while Lebanon businesses pay 11% to their government. Nigerian VAT is very relaxed compared to these two countries considering the fact that we're still paying only 5% (at least before the implementation of the new policy) which on top, excludes many commodities and services.

2. A study shows that black people tend to patronize businesses owned by whites first before their very own. This is just a psychological trick which means Nigerians will most likely patronize a business owned by an Indian or Lebanese first before their fellow Nigerians. This of course favors them in more conversions and increases sales.

3. GDP Per Capita in India is about $8500 as of 2019 while in Lebanon it's $13,000 as of same 2019.
This same measure of GDP Per Capita is a paltry $2200 as of same current year n our dear country Nigeria. This should inform you of how wealthy an average citizen of these two countries is and why they can afford to profitably run business in Nigeria.

ultron12345:


OK
Though India's GDP per capita figures you quoted are not accurate. As at 2019, India's GDP per capita is $2041. Less than Nigeria

Birniwa:


Not exactly, I think you quoted yours wrongly. This Wikipedia article says India's GDP Per Capita (PPP) is exactly $8,484 which I rounded up to $8,500.

Here's the link: https://en.m.wikipedia.org/wiki/India

ultron12345:
While Nigerians are complaining about how difficult and frustrating it is to do business in Nigeria, the foreigners especially the Lebanese, Indians, Chinese and even the South Africans are rushing into Nigeria to do business and they've been extremely successful at it. Many of our most successful companies are owned and operated by them.

Even the few successful Nigerian owned companies are always managed by foreigners especially Indians. Globacom and Dangote Group are both managed by Indians.

What is their secret? Is there something they're doing that Nigerians aren't doing? They arrive the country in bathroom slippers, barely able to speak English, and then they turn to dollar millionaires in a few years.

Why do businesses run by Indians, Lebanese always do better than those run by Nigerians? Is it that Nigerians are bad at business and bad managers? Are Nigerians truly lazy (physically or mentally) compared to these foreigners?

Birniwa:
About three economic factors come in mind, below they are:

1. Indian businesses pay 15% of VAT to government while Lebanon businesses pay 11% to their government. Nigerian VAT is very relaxed compared to these two countries considering the fact that we're still paying only 5% (at least before the implementation of the new policy) which on top, excludes many commodities and services.

2. A study shows that black people tend to patronize businesses owned by whites first before their very own. This is just a psychological trick which means Nigerians will most likely patronize a business owned by an Indian or Lebanese first before their fellow Nigerians. This of course favors them in more conversions and increases sales.

3. GDP Per Capita in India is about $8500 as of 2019 while in Lebanon it's $13,000 as of same 2019.
This same measure of GDP Per Capita is a paltry $2200 as of same current year n our dear country Nigeria. This should inform you of how wealthy an average citizen of these two countries is and why they can afford to profitably run business in Nigeria.

Kendumazy:
The simple question is that, they strive to make it work come what may. They came with the mindset of achieving success just like how you too go to other countries with the aim of being successful in your endeavors and you give it your best and things worked out as planned for you. The same thing is applicable to them. Have seen a Nigeria man sold his nylon production company to an India man because it's not functioning well, and low sales, an India man bought it and within two months, everything was functioning well and sales increased excellently. What we discovered that happened was that, the man didn't take maintenance of his machine serious and as such, products were substandard, material too weren't that good and lots of other factors. One thing I know all my life about India is that they don't joke with regular maintenance and servicing of their machines. Now, tell me how can such person fail if he takes other aspects serious just like his machines.

lilwetdick:
Nigerians do not know how to create Businesses, Nigerians think that business is a place where you use the revenue of the business to fund their private life style. many Nigerians are lazy, also, they dont work hard, they complain and complain from Morning to Night instead of solving problems

Many Nigerians are still waiting for loans but who is gonnna give you loans when your business is not even started

The lebenese, chinese and indians, have been doing business for ages even since the 17th century, they understand the principles of business, that business is about creating processes and hustling..Nigerians do not understand that.

also many of these people are risk takers, they think long term, they live cheap while creating their businesses and reap reward in the future, nigerian want everything now now, i want to impress my friends now instead of thinking about the future.

In nigeria, if you take risk and fail, your parent, friends and society will laugh at you, destroy your self esteem, so only those who are ready to face all these consequences actually win in the long run, but only a few Nigerians are ready to do this

NGRsenate:
Favoritism?

Nigerians will do anything to bring down other Nigerians in business but they always tend to favor foreigners?

Corrections are welcome..

blackboy:
I honestly doubt this. I just see its determination. They have come here to stay and live simple modest life and also create employment for Nigerians.

Their profits might not be as big as many other Nigerian owned businesses in the same line but they continue.

Our leaders should learn to invest in our country and not in Dubai or UK or USA or ......Greed is the problem. They want huge profits at one siting