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Adminex NIGERIA

9, Cassidy Street
Okokomaiko
Lagos State
Nigeria
Tel. +234 903 472 9504
General Manager
Kingsley Lawal
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Kingsley Lawal
Business development and international trade expert with broad-based experience covering full spectrum of administrative duties, including company constitution, accounting, tax, payroll administration, billing/invoicing and database administration.

Holder of a bachelor degree in banking and finance and a dual master degree in Business intelligence and Information technology and certificate in negotiating skills.

Manage key enterprises relationships and actively develop new business opportunities in Nigeria, fostering a conducive environment while providing a vision for client’s activities.

My marketing experience is extensive and diverse-from opening new markets and growing existing markets to enviable heights.

A positive and proactive professional, delivering services and initiatives of the highest professional standard that has exceeded the expectations of our clients through value added expertise, continuous learning and regular innovations for an effective and efficient positive impact on organizational goals and objectives.

Specialties: Business development and administration, accounting, finance, international trade, contract and third party negotiations, Business strategy, company representation, Mediation, Business analysis and management.

Nigeria is not only the largest African country in terms of inhabitants – 185 million and growing fast – but also in terms of GDP. The size of the Nigerian economy was 569 billion US dollars in 2014, making Nigeria the 22nd economy worldwide. Economic growth in Nigeria was 6.2 percent in 2014 (source: World Bank).

That makes Nigeria a large, growing and dynamic economy in transition and thus full of business opportunities for both Nigerian and non-Nigerian entrepreneurs.

Nigeria is making a new start. The 2015 elections brought a first time peaceful change of governement. The new president Muhammadu Buhari has put diversifying the Nigerian economy and fighting corruption high on his agenda.

The Nigerian Tax System has undergone significant changes in recent times. The Tax Laws are being reviewed with the aim of repelling obsolete provisions and simplifying the main ones. Under current Nigerian law, taxation is enforced by the 3 tiers of Government ..

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NIGERIA

Nigeria is not only the largest African country in terms of inhabitants – 185 million and growing fast – but also in terms of GDP. The size of the Nigerian economy was 569 billion US dollars in 2014, making Nigeria the 22nd economy worldwide. Economic growth in Nigeria was 6.2 percent in 2014 (source: World Bank).

That makes Nigeria a large, growing and dynamic economy in transition and thus full of business opportunities for both Nigerian and non-Nigerian entrepreneurs.

Nigeria is making a new start. The 2015 elections brought a first time peaceful change of governement. The new president Muhammadu Buhari has put diversifying the Nigerian economy and fighting corruption high on his agenda.

The Nigerian Tax System has undergone significant changes in recent times. The Tax Laws are being reviewed with the aim of repelling obsolete provisions and simplifying the main ones. Under current Nigerian law, taxation is enforced by the 3 tiers of Government, i.e. Federal, State, and Local Government with each having its sphere clearly spelt out in the Taxes and Levies Decree, 1998.

Nigeria has a number of tax treaties referred to as “Double Taxation” Agreements with a number of countries. This is to ensure that the tax payable in Nigeria on the profits of a Nigerian company being remitted into the country are reduced by the amount of “foreign Tax” paid abroad and vice versa. In the last few years, Nigeria has entered into double taxation agreements with a number of countries.

These agreements are entered into with a view to affording relief from double taxation in relation to taxes imposed on profit taxable in Nigeria and any taxes of similar character imposed by the laws of the country concerned. Where an overseas company receives profits from Nigeria that have already been taxed in Nigeria. Some of these countries include the UK, France, The Netherlands, Belgium, Canada, Czech, Slovakia and Romania.

Nigeria’s investment laws and policies are geared towards liberalisation, deregulation and competition. Accordingly, all sectors of the economy are open to both foreign and domestic investment. As a result of this favourable climate and the country’s economic and political stability, Nigeria has become increasingly attractive to foreign investors. However, with increased investment comes increased potential for disputes.

Nigeria has entered into bilateral investment treaties (BITs) with a number of countries. Investment treaties are in force with France, Netherlands, Germany, Switzerland, Romania, Spain and the UK. Nigeria has signed the 1965 Convention on the Settlement of Investment Disputes.

NIGERIA Insights
  • adminex Nigeria attended the 4th German-African Economic Forum in Dortmund that took place on February 23, 2016. Nigeria is making..
    adminex Nigeria in the 4th German-African Economic Forum

    adminex Nigeria attended the 4th German-African Economic Forum in Dortmund that took place on February 23, 2016.

    Nigeria is making a new start. The 2015 elections brought a first time peaceful change of government. The new president Muhammadu Buhari has put diversifying the Nigerian economy. Security and fighting corruption high on his agenda.

    That makes Nigeria a large, growing and dynamic economy in transition and thus full of business opportunities for both Nigerian and non-Nigerian entrepreneurs.
    Below are the six guidelines discussed to use in exploring business opportunities in Nigeria and Africa in general:

    1. Understand the business local culture: this is critical because running business is a product of a social and cultural setting of a people, it reflects their wealth culture and ethnics and act directly on the level of output and more importantly we must avoid the tendency in view Africa as one monolithic entity where business ideal design for one Africa are applicable to all African countries, no, it doesn’t work like this.

    2. Effective market research or analysis before venture out, this is where we need academia, trade missions and experts in local solutions, this will help to identify demands and availability.

    3. Find a reliable and appropriate local partner, often many private business could not take time to do due diligence before initiate business in the continent.

    4. Understand the regulatory framework for doing business in Nigeria or Africa because they differ from country to country, i.e. tax exemptions, tax treaties etc.

    5. Appreciate the different level of technological development on the continent.

    6. Use the right channel to enter the markets, backdoor entrance is not advisable.

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