Assessment of the Business Environment in Nigeria THE NATIONAL DIAMOND Factor Conditions: Despite Nigeria’s substantial natural resources its infrastructure is inadequate‚ particularly its road and electricity networks‚ which are a significant obstacle to economic growth. Only 30% of the population7 has access to electricity and only 31% of the road network is paved. Shortcomings in operations and safety have given both the ports and air space a reputation as the most unsafe in the region
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Etisalat Success Story in Nigeria Etisalat is a prominent telecommunications corporation providing to consumers‚ businesses‚ international telecommunication companies‚ ISPs and mobile operators. Etisalat operates in eighteen countries across Asia‚ the Middle East and Africa‚ a coverage area which reaches more than two billion people. To date‚ the group’s global subscriber base exceeds over 140 million subscribers through mobile and Landline voice and data services ("Etisalat Nigeria"). Through the launch
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Reassessing Impacts of MDGs in Nigeria A Global Partnership for Development was adopted by 189 nations‚ signed by 147 heads of state and governments during the UN Millennium Summit in September 2000. Bill Gates has called them "the best idea for focusing the world on fighting global poverty that [he has] ever seen." The signing of the partnership was the beginning of the process towards the establishment of Millennium Development Goals (MDGs). Nigeria was among the countries to establish an
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is one of the emerging technology areas where Nigeria is lacking in expertise. It is classified in the same group as ICT and biotechnology. Already‚ the technology is being used in advanced economies of the WEST and SOUTH-EAST Asia‚ to create high technology industries in areas of electronics‚ medicine‚ development of new materials and space. Nanotechnology has been identified as one of the technologies of the technologies of the future for Nigeria. This is therefore the time to key into the global
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PETROLEUM INDUSTRY BILL (PIB) 2012 SUMMARY PETROLEUM INDUSTRY BILL In 2008 under the late President Umaru Yar’Adua‚ Nigeria began the arduous process of changing the institutional framework which governs the nation’s oil and gas industry. The delayed passage of the bill was followed by controversies surrounding the emergence of different versions of the document‚ Goodluck Jonathan‚ on assumption of office ordered a withdrawal of the bill to enable executive address contentious areas and ensure all
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colonies (Metz 17). Due to the involvement of European nations in the slave trade‚ it caught the attention of other empires – in this case the British – who then became interested in the region and led expeditions to the area. The British entered Nigeria in the 1800s with hopes of military rule‚ trade power‚ and missionary influence (Metz 15). They also came in search of higher luxuries: gold; around this time the area was rumored to have many gold deposits and was known as the “Gold Coast”. Throughout
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a nation-wide concern in Nigeria in recent years. Almost everyday television broadcast‚ shows‚ newspapers‚ magazines and internet websites run and re-run pictures of dramatic acts of violence carried out by this ferocious sect. It is often hard not to be scared when we see gruesome pictures of people killed or maimed by Boko Haram in office buildings‚ public buses or trains‚ and on the streets. The federal government seems weak in maintaining law and order in Nigeria and lacks a viable strategy
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Nigeria is a developing country that is abundantly rich in many natural resources and as a result has a good number of multinational corporations ranging from oil companies‚ banks to consulting firms. Unfortunately‚ CSR is a concept that I personally believe the government has left to expectations‚ believing the multinational corporations would do what is ‘right’ by offering certain benefits to the society and the environment. As a result of this approach‚ Corporate and social responsibility has
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INTRODUCTION The 2008 economic crisis affected African nations in the developing world in a very similar way. Nigeria suffered a fall in oil prices ‚ reduction in exports and a downward trend in the stock market whilst South Africa suffered the same effects but rather than crude oil they suffered in the fall of commodity prices. Policies to stimulate the economy are different in terms of trade where Nigeria is more free trade and South Africa became more protectionist after the crisis. The Nigerian economy
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VITAFOAM Vitafoam Nigeria Plc is Nigeria’s leading manufacturer of flexible‚ reconstituted and rigid foam products. It has the largest foam manufacturing and distribution network which facilitates just-in-time delivery of its products throughout Nigeria. Incorporated on 4th August‚ 1962 and listed on the floor of the Nigerian Stock Exchange in 1978. Vitafoam’s successful brands remain household names in the country. The company’s vision to be the Foam Manufacturer of first choice is being
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