Still Potential For Nigeria

September 2006 | Business Environment Outlook

BMI's Business Environment Ranking for the automotive industry puts Nigeria at the bottom with a composite score of 20. Nigeria's business environment is characterised by corruption, lack of transparency, political instability and the arbitrary enforcement of trade and investment regulations. However, Nigeria is the least developed nation among those under review and while it has a poor status compared to the Gulf States, Egypt, Turkey or South Africa, it remains the most industrialised state in West Africa and is the continent's most populous country. Consequently, Nigeria holds great potential for domestic

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