PEST analysis for Nigeria

  • ID: 3301160
  • Country Profile
  • Region: Nigeria
  • 8 pages
  • The Polish Institute of Research and Development
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The constant peril to the state security is the presence of the Boko Haram terrorist movement. The government is taking actions to displace the terrorists from the north of the country. Due to the fact that Nigeria’s economy is based on crude oil production, its mining infrastructure must be under special protection measures.

This report offers comprehensive PEST analysis of countries. “PEST” stands for political (P), economic (E), social (S) and technological (T) factors.

PEST analysis provides important information on conditions of running a business in a specific country or region. It refers to political stability, corruption; it presents macroeconomic data and perspectives for the economy, as well as key information about demography, conflicts and business culture. Being aware of such information could be helpful in evaluating investment risk in a particular country. In case of filing a patent application the PEST analysis provides information about IP protection law, R&D expenses and technology potential as well.
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The analysis contains information in terms of 6 general criteria:

1. Politics and society (political stability, demography)
2. Business and culture (how culture translates in business)
3. Armed forces (potential of the army, participation in missions)
4. Armaments (arms industry, transactions)
5. Economy (e.g. economic indicators, taxes)
6. Technological potential (R&D expenditures, IP protection)
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Note: Product cover images may vary from those shown