Nigeria’s Business Environment: Issues Challenges and Prospects

Abstract

Business as part of man’s activities thrives in conducive and sustainable environment. Conducive and sustainable environment depends on the availability of infrastructure put in place by the government. Nigeria’s business environment in the recent years has been coloured with fear and uncertainty leading to collapse of some business outfits particularly, the small scale industries and the relocation of the big ones to other countries. This paper examined business environment in Nigeria with focus on the challenges of Nigeria’s business environment. It also analyzed the prospects for business in Nigeria. The paper adopted qualitative approach using content analysis to source its information. The paper concluded that Nigeria’s business environment is characterized by uncertainty policy instability and lack of necessary infrastructure. And suggested that adequate infrastructure be provided to enable business thrive in Nigeria.