REGULATIONS AND YOUR BUSINESS
Amidst great communications effort, marketing strategies, business plan and management style, investing in Nigeria is a risk. One policy from the government and everything goes down the drain. Partnering or #lobbying good network with regulatory bodies and the #government is key to a long term presence.
Many businesses and private properties are lying on future urban and regional planned projects (proposed airports, hospitals, schools etc). A deep dive investigation is necessary for any long-term business entity.
The top players use this #strategy in key industries. Although it takes good dealings to ride along with the Nigerian regulatory climate. Hence we see players like United Bank of Africa ( UBA) donating huge funds they seem not to afford to the government while laying off staff to reduce operation cost.
Just like Jeff Besos envisaged a long term plan, so also should new business make feasibility studies on #GovernmentPolicies for now and the future.
Post a Comment