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Doing Business in Nigeria
Author(s) -
Shapiro David
Publication year - 2014
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.21981
Subject(s) - language change , boko haram , face (sociological concept) , politics , business practice , business , political science , law , public relations , economic growth , sociology , economics , social science , art , literature , insurgency , business administration
Nigeria has been all over the news lately. Allegations that members of Boko Haram have kidnapped nearly 300 secondary school girls have raised serious concerns about living in Nigeria or conducting business there. But perhaps a more insidious problem for companies doing business there involves corruption risk. The author of this article is a risk management expert who has worked in the practice of law and investigations for more than two decades. He warns that doing business in Nigeria is not for those unwilling to become informed about its history and current conflicts affecting its political economy. He outlines some key issues companies face there and suggests some countermeasures. © 2014 Wiley Periodicals, Inc.