Frequently Asked Questions
Q: Is there a common currency for trade in West Africa?
A: At the moment there is no common currency, though ECOWAS is contemplating one for 2020.
Q: What are the commonly spoken languages?
A: While English is the official language spoken and understood by the entire Nigerian populace, there are major languages like - Hausa, Igbo, and Yoruba. These are the most widely spoken languages in Nigeria. A street language called Pidgin English (a mix of English and local lingo) is spoken by all. Also, there are other well-known languages, such as Fulani, Efik, Tiv, Ijaw, Urhobo, Isoko, Itshekiri, Edo, Kalabari, Ikwerre, Birom, Nupe, Igbirra, Idoma, Ishan, Ogoni, Kanuri, etc.
Q: Are there laws governing the movement of persons, goods and services?
A: See www.ecowas.com
Q: Is it possible to source services through 151 Products Ltd?
A: Yes, we are available to recommend and verify chosen service providers.
Q: What processes are required for the registration of businesses and trade in West Africa?
A: There are basic requirements, which vary from between countries. Exact facts can be established by further online search.
Q: How about property rights and repatriation of monies?
A: The West African business environment has become quite user friendly and repatriation of profit is quite easy in many countries. Also property rights are available to foreigners in most of the countries.