The paper 'International Business in Nigeria' is a wonderful example of a Business Case Study. Nigeria is among the richest countries in Africa today after South Africa and Libya. International trade has made it possible for the country to improve the economy and create many job opportunities. Oil is the main source of revenue of fetching millions of dollars for the country. However, Nigeria has the highest cases of poverty because of high cases of corruption. The high cases of corruption make it difficult for the government to eradicate the massive poverty among the civilian population.
According to Lamers (3177), Nigeria is the most populated country in Africa making it necessary to formulate strategies to increase for the country. International trade has remained the sole opportunity where the government can increase revenue as well as creating employment for her people. An expansive number of global associations and agents have been careful about working together in Nigeria for a long time. It may appear to be bizarre given that Nigeria is a standout amongst the most crowded nations in Africa and, besides, being a standout amongst the most oil-rich spots on the planet (Zirak, Masoumeh, & Mohsen 35).
Couple this with the way that the nation is plenteous in numerous other joint assets and has great port offices, and you may surmise that universal business would be battling for a slice of the profits in Nigeria. The way that Nigeria is not a magnet for global speculation could be seen as a catastrophe of huge extents. Enormous steps have been made in the most recent couple of years to attempt to handle the numerous endemic issues which pounce upon the nation (Zirak, Masoumeh, & Mohsen 35).
With political and financial security being seen as the key weapons in assaulting the destructive impact of debasement. Whether the moves being made on the ground have prompted emotional changes in levels of straightforwardness and levels of corporate administration stay to be seen. Meanwhile, the nation battles along, and those working together in Nigeria should be mindful of the issues than anticipated. History Nigeria is a rich country in terms of history, culture, and natural resources. The presence of natural resources and distinctive culture make attracted the British explorers who eventually settled in the region.
Therefore, modern Nigeria is a product British colonial rule hence the adoption of various characteristics of British culture such as language, dressing, and military. The massive population in Nigeria prompted the British a source of market for their manufactured goods. Moreover, Nigeria had many natural resources that the British used as a source of raw materials for its industries. Prior colonial rule, current Nigeria had distinctive names depending on the names of the kingdoms and empires in the region.
Such empires flourished, while others died, until the coming of the British colonial rule. The concentration of the British army in (Lagos) Nigeria started as early as 1850 changing the political set up of the country entirely (Madawaki 152). Anthropologists assert that Nigeria got its name from River “ Niger” which means black and the word “ area” . The two words combine to form Nigeria meaning an area of black people. The wife of Fredrick Lugard, Flora Louise Shaw coined the name in1898 becoming the mother of Nigeria. The northern and southern region of Nigeria has distinctive religions, i.e.
Muslim and Christianity that has brought chaos over the years.
Deutsch, M., Coleman, P. T., & Marcus, E. C. (2011). The Handbook of Conflict Resolution: Theory and Practice. New York, NY: John Wiley & Sons.
Lamers, Patrick, "Developments in international solid biofuel trade. An analysis of volumes, policies, and market factors." Renewable and Sustainable Energy Reviews 16.5 (2012): 3176-3199.
Madawaki, Abdulkadir. "Adoption of international financial reporting standards in developing countries: The case of Nigeria." International Journal of Business and management 7.3 (2012): p152.
Manova, Kalina. "Credit constraints, heterogeneous firms, and international trade." The Review of Economic Studies 80.2 (2013): 711-744.
Nayyar, Gaurvika ML, et al. "Poor-quality antimalarial drugs in southeast Asia and sub-Saharan Africa." The Lancet Infectious Diseases 12.6 (2012): 488-496.
Nfa, A. T., Taylor, A., & Thomas, C. (Eds.). (2013). Global trade and global social issues. Routledge.
Jackson M. R., (2013). Fun Conflict Resolution for the Workplace: SLIMO: Stuff Learning Is Made Of. New York, NY: Publish on Demand Global.
Umaru, Thaddeus. (2013). Christian-muslim Dialogue in Northern Nigeria: A Socio-political and Theological Consideration. Xlibris Corp.
Zirak, Masoumeh, and Mohsen Mehrara. "Ranking of developing countries Based on the Economic Freedom Index." International Letters of Social and Humanistic Sciences 02 (2013): 32-38.