Continued from last Monday
6 Reasons Why You Should Start a Business in Nigeria Today
3. Nigeria is fast developing and there is a huge need for innovative products. If you are resident in Nigeria, kindly reflect on the position of Nigeria ten years back and compare it with her present state; you will agree with me that there is a huge change.
Economically, technologically, etc; Nigeria is growing, whether you admit it or not won’t change the fact. Between 2009 and 2016, new companies were launched in Nigeria that disrupted their various industry. Examples of such companies are MTN, GLO, Uber, Taxify, Jumia, Konga. That is why entrepreneurs and institutional investors from countries like South Africa, China, Lebanon, Brazil, India, etc are scrambling to invest in Nigeria because they see the potential that we citizens don’t see.
4. Nigeria is currently riddled with problems and the government is currently battling to tackle these problems. I am talking about challenges such as falling oil prices, security, infrastructural decay, unemployment, power failure, corruption, fall in education standard, accommodation, etc. The average minds believe these problems can never be resolved and if it is to be resolved, it should be done by the government.
However, people with entrepreneurial mindset know that these problems are opportunities; and only those who act will turn these opportunities into profitable businesses. Now let’s look at the education industry. Between 2009 and 2017, new private universities and higher institution of learning are springing up to bridge the gap. In all honesty and humility, I want you to know that I am currently profiting from the security situation in the country by providing a solution to a specific security challenge.
To be continued
