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| Name | 5 Reasons Why You Should Invest In Nigeria |
| Video Uploader | Video From Displore |
| Upload Date | This Video Uploaded At 24-02-2022 08:23:54 |
| Video Discription | 5 Reasons Why You Should Invest In Nigeria Hello displorers welcome to yet another educative video presented to you by displore. Today, we are going to be looking at 5 reasons why you should invest in Nigeria. When you hear “Nigeria” many thoughts run through your mind. You begin to think of every possible reason why that name seems to evoke some emotion in those that hear it. Many have come to associate the name of the most populous black nation on earth with corruption and its ilk. This may not be totally wrong but this stance avoids the finer points of the Nigerian idea, most especially those that concern the business status of the “Heart of Africa”. If you’re an entrepreneur, you may want to disregard this allusion to corruption and think about the many possibilities that the country offer to business-minded people. With the largest population in Africa and a wealth of natural resources to its name, Nigeria is an important market that must not be ignored. Nigeria is widely regarded as an African powerhouse, with abundant natural resources and a young dynamic population. The country has long played an important role on the continent and it has the potential to be a wider global player in the coming decades. But before we move on in exploring the reasons why you should invest in Nigeria, if you are new here welcome, be sure to subscribe to our channel and turn on the red notification bell so you will be notified each time we upload a new video. 1. Abundant Human Resources and Labor Nigeria’s millions of Population holds an active Labor Force of about 62.2 million according to World Bank estimate released in January 2021. This indicates an abundance of skilled labor at a fraction of cost compared to developed economies like UK and Germany, resulting in very low production costs and it is among the lowest in Africa. The creativity and ingenuity of Nigerians are highly competitive and rank amongst the best in standards, globally across all sectors and Fields like Technical, Mechanical, Engineering, Product Design, Quality Assurance, Economics, Finance and more. This critical human capital are readily available to be harnessed by Investors who wish to set up new companies, invest in existing ones or execute projects in Nigeria. Nigerians are generally smart and offer a unique blend of original content that can save time, add a mix of innovative creativity, originality and dynamism to any project or product when engaged fully, remotely or on part- time basis. Their skills and competence can help any entity save valuable financial resources without dropping standard to deliver superior world class products and services. 2. Improving Infrastructure Nigeria’s infrastructure has dramatically improved compared to what we have in other African regions. There has been a significant improvement in the areas of transportation, communication, water supply and electricity. Extensive road maintenance, repairs, and construction of new ones is a yearly activity. State governments even go as far as using their state allocations on projects that would enhance their state’s infrastructure. Nigeria has a good road network that makes transportation and the movement of goods goes smoothly. The country also has four international airports, which are Lagos, Port Harcourt, Kano, and Abuja, as well as sex well-equipped seaports. The opening of several inland dry ports is also another giant stride by the government which will create more opportunities, boosts trade and the economy. All these developed Infrastructures are strategically targeted at major economic drivers, which positions Nigeria as an Investment ready destination, seeing that key infrastructure like Railway have huge benefits for easy movement of people, goods and services from production point to market at reasonable cost to increase profit margins for producers and farmers. 3. An Abundance of Natural Resources Nigeria is also blessed with an abundance of natural resources. She has tons of natural resources, but the amazing thing is that most of these resources are not fully explored. Some of the natural resources found in Nigeria are natural gas, petroleum, tin, iron ore, coal, limestone, niobium, lead, zinc, and arable land. Nigeria happens to be the largest oil producer in Africa and it is ranked the 10th largest oil producer internationally. The Oil sector contributes to 28% of the country’s GDP. With such dependency on natural resources, investors can confidently invest in businesses like mining, oil exploration, oil refineries and more. Also, with oil being their major contributor and the demand for oil is not going down anytime in the future, one can foresee a stable economic future for Nigeria. Investors are usually concerned about the stability and continuity of resources. And this type of economy is sustainable in the long run and great for business investments. In addition to oil, Nigeria is also booming in industries like textile and leather. UE4DhALmKiU |
| Category | People & Blogs |
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