ECONOMY AND FINANCE CHALLENGES TO DOING BUSINESS IN NIGERIA.
Investors feedback ( no particular order, most frequent in red)
Corruption: you can’t get anything done without paying a bribe”
Government is anti-big business”
Government agencies harass investors”
Poor private sector engagement in policy formulation.’’
Painful ,long ,unpredictable government approval process”
Meeting with senior government officials cancelled after investor’s arrival’’.
Frequent policy changes make long term planning difficult.”
Everything is smuggled in; borders are too porous , so tariff measures never work.”
Difficult operating conditions; erratic power, bad roads, poor public utilities”
Multiple taxes by federal and state agents”
Lack of skilled labor, poor work ethic’’
Security situation is getting worse”
Corrupt Judiciary; too many sacred cows”.