Struggles of private industries in West Africa.

[Axis]

In West Africa for example Nigeria being a country in West Africa, there are so many established industries some of which exist in large scale or possibly small scale and majority of this industries are known to be privately owned by various entrepreneurs and individuals capable of business management. Majority of this individuals who own privately own industries are facing a lot of struggles, some of this struggles include high taxation from the government especially if the goods and services that they sell and render is not generally accepted by the government of the economy especially businesses or industries that produce tobacco.

Another struggles that they face is licensing and majority of small scale businesses may have to go through a lot in order to get their businesses because they would have to provide various documents which of course need cash to validate.

 

[Mikes smithen]

Many newcomers into industries in Nigeria are facing a lot of struggle and one of the major struggle is taxation in which the government have imposed on this upcoming businesses. Majority of businesses who are in the industrial and manufacturing sector in Nigeria will have to pay task from time to time. Especially if this businesses are making use of domestic products or product that are harmful to the environment such as tobacco in making their finished of final products. It is also important and necessary that a business owner who resides in Nigeria consider all factors before establishing a manufacturing or industrial business.