There are many risks businesses face in Nigeria but these stand out among them.
Risks are major scare away for investments, hence moves by government and business managers to mitigate them. However, these 10 risks tend to be major constraints faced by businesses operating in Nigeria.
According to the recently published 2018 Global Risk Outlook, these risks enumerated below are considered major hindrances to businesses operating in Nigeria.
1. Failure of infrastructure – 68%
2. Unemployment and underemployment – 56%
3. Energy price shock – 52%
4. Failure of national governance – 40%
5. Terrorist attacks – 38.7%
6. Fiscal crises – 29.3%
7. Social instability – 28%
8. Unmanageable inflation – 21.3%
9. Failure of financial mechanism or institutions – 17.3%
10. Thefts, fraud and corruption – 17.3%
Finance: 10 risks your business will face for operating in Nigeria
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