Nigeria is one of the largest economies in Africa, with a GDP of $414 billion, ranking it 31st in the world (CIA World Factbook, 2012). Nigeria also has tremendous human capital with 170 million people, the 7th-highest in the world. Despite the wealth that comes to the country from its oil reserves, economic growth in Nigeria is hampered by both corruption and a dearth of infrastructure. There are many areas where the infrastructure can be improved. For a business investor, the areas that will make the best investment are those where a return on investment can be realized.

The first such investment would be in power grids. The country's production is 70th in the world, much lower than its GDP, indicating some level of underdevelopment. Adeninkinju (2005) notes that power outages cost Nigerian businesses in 1990 was 1 billion nairas. In addition, many businesses are forced in invest in generators...
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