Would starting a business in nigeria be a good idea?

Question

somewhere around lagos or abuja. no dumb answers like nigeria is full of con artist

Answer 1

Only if its a cheap store so they people over there will be able to buy the products that they need!

Answer 2

If you want to operate an online business FROM Nigeria it would be a horrible idea.

Sorry but I would never do business with ANYONE from Nigeria online.

Answer 3

I am Nigerian,you can start a business in abuja,it's more secure than lagos

Answer 4

i think you being a Nigerian can give a better answer to a non-Nigerian posing this question.

Answer 5

well it is full of con artists, and as a foreigner you do have a target on your forehead, but depending on the type of business, i think you can succeed there. So yes it could be a good idea.

Answer 6

Depends on the business. Anything travel will work in just about any country. Check out this link and click on the big #2. I guess it tells you what it is all about and how to go about doing the same thing yourself. http://www.moorefreedom.tk

Answer 7

I lived in Nigeria, and had friends with businesses there.  One in particular was Lebanese, and he had several businesses.  He worked hard, and was successful.  There are lots of obstacles there, not the least of which is all the dash required.  Security costs are very high, and you must factor in a nice chunk of change for theft.  It can be done, but you will have to grow a thick skin, and a few more sets of eyes.  

Answer 8

Would be risky for a non-Nigerian, I think!