LETTER: Nigeria must get its act together
It has a supposedly large market, but the country is a difficult place to do business
My first impression on reading Dianna Games’ article was: No! You don’t say? (“Shoprite exit shows Nigeria is not an easy place for business (https://www.businesslive.co.za/bd/opinion/2020-08-06-dianna-games-shoprite-exit-shows-nigeria-is-not-an-easy-place-for-business/)”, August 6). Let’s say it as it is — Nigeria is a difficult place to do business. Speaking up may even help.
A range of factors, in particular a supposedly large market, makes it easy to understand why investors are initially attracted to Nigeria. However, when you distill the numbers you find that the middle class is not large, and indeed relative to the size of the population it is small...