The Nigerian administration has relaxed some regulations to increase the attraction for Foreign Direct Investment, while Free Trade Zones also provide incentives and exemptions for incoming international companies.
Africa’s largest economy is based on the firm financial foundation of its oil and natural gas exports. However, Nigeria is now widening its economic appeal with a programme of diversification in its manufacturing and industrial sectors. Plus, Nigeria is among Africa’s leading nations for encouraging Start-ups, with over 500 operating by 2022.
But each new markets bring new challenges, and these can be worked through efficiently and cost-effectively with the support of an international Professional Employer Organisation (PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework.