Small Business in Nigeria

2724 words 11 pages
Table of Contents
Introduction------------------------------------------ 1
Constraint in small business : 1) Exchange rate-----------------------------------2 2) Access to loan -------------------------------2 - 3 3) Infrastructure --------------------------------3 - 4 4) Technology ----------------------------------4 - 5 5) Taxation -----------------------------------------6 6) Regulation --------------------------------------7 7) Policy---------------------------------------------8
Conclusion-------------------------------------------9
Recommendation----------------------------------9
Reference list-----------------------------------10 - 12

Introduction
Nigeria is a country with 923,768 sq km ( 356,700 sq miles
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Today, there are only 20000 analogues cellular mobile line can be boasted in Nigeria which only cover around the 20 percent of Nigeria. (Ndukwe 2000, 3) But in South Africa, there are 3 million of digital mobile line had been installed which cover 80% of country. (Ndukwe 2000, 4) By the way the technology in Nigeria still poor and type of the machinery that provide in Nigeria had limited access. It will slow down the production process by the limited mach inery. Without the modern equipment, small business cannot translate the raw material into finish goods quickly and maintaining same condition of goods. ( Sanni 2009, 23 )Besides, there are inadequate infrastructural problem occur in Nigeria which make the small business hard to survive. The road network in Nigeria still poor especially in the rural areas. It will make the worker hard to send their product to the rural and urban areas on time due to the poor road network. ( Ogechukwu 2006, 7 ) Based on table 2a and 2b, there are less than 50 percent of Nigeria road network are in good and fair condition. The road expenditure in Nigeria road is very low and it show a big different compare to Egypt, France and USA which has spend a lot of road expenditure ( Olufemi and Oluseyi, 2007 )

4

Sources : The Urban Poor and Mobility Stress in Nigerian Cities, 2007

5
Taxation
Taxation for business in Nigeria is quiet high which is 32.2 percent. It means

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