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Funding a business
How Do I Get Funding For My Business In Nigeria?
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[QUOTE="Kendy, post: 217901, member: 63869"] In Nigeria, everything is on the increase and funding a business is now very expensive even for small scale businesses. Starting from renting a shop outlet to purchasing the products is a whole lot of work. It is possible that you buy a product today at 8am for $6 and around 8pm of the same day, the product will rise upto $9. The rate of things are very exorbitant especially the hike in fuel prices which literally control the prices of other goods. The best way to get funding for you business is if you have been able to have some money in your savings account. I would not suggest taking loans because the interest rate is very expensive and the timeframe for repayment is mostly always short and unfavourable. Some individuals would still be prone in receiving loans without foreseeing the consequences it would have in the business. Starting a business should be planned for and not just to rely on loans because of its easier access. Another way you can find your business in Nigeria is by engaging in diverse side hustles or you can opt for investors who would choose to pump in finances into your business, but the business idea must be top-notch. [/QUOTE]
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How Do I Get Funding For My Business In Nigeria?
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