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Ministry for Foreign Affairs of Finland

Embassy of Finland, Abuja: Team Finland


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News, 6/27/2013

Team Finland’s questionnaire about the business climate in Nigeria and Ghana confirms the region’s potential

Team Finland in Nigeria made a questionnaire for Finnish companies about their challenges, trade barriers and business climate in Nigeria and Ghana. The respondents have few trade barriers in the region – the market is challenging but with a right strategy and good partners even big profits are possible. The companies wish many different services from Team Finland. Encouraged by this we will try to develop new ways to cooperate with firms and increase Finland’s trade to the area.

So far Finland’s trade to West-Africa has been pretty small. Many other countries’ trade has been in a steady increase though and Finland too has plenty of firms who could be successful here. Some survey respondents have only recently started their business in Nigeria and some companies already have trade worth millions of Euros. They are positive about their future in the area and this confirms the business potential for new arrivals too. For example EU-Nigeria Business Forum on 3rd – 4th October offers an excellent chance for enterprises to familiarize themselves with Nigeria’s possibilities and business climate. Is next the time for Finland’s trade to Nigeria to really kick off?

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Updated 7/16/2013

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