What are the Factors affecting commerce in Nigeria?

Several factors affect commerce in Nigeria, including infrastructure challenges such as inadequate transportation and power supply, which hinder efficient business operations. Economic instability, characterized by fluctuating currency values and inflation, also impacts trade and investment. Additionally, regulatory and bureaucratic hurdles can create barriers for businesses, while security issues in certain regions may deter both local and foreign investment. Lastly, access to technology and digital platforms plays a crucial role in facilitating modern commerce.