barriers

Nigeria at present is perhaps not one of the most attractive places to do business. The business landscape is dotted with innumerable gatekeepers, who are yet to understand that their mandate as regulators and enforcers, is to help businesses grow and thrive. As long as Nigeria remains lethargic in reforming its business environment for greater efficiency, it is unlikely that it will make any significant headway in attracting much-needed foreign direct and portfolio investments.

The problem of the location of economic activities is one of the critical economic questions. Indeed, pioneers in land economics viewed distance as a ‘social friction’