Breaking Barriers: Simplifying Setting up Offices for Multinationals in Nigeria

Expanding into Nigeria, Africa’s largest economy presents lucrative opportunities for multinational corporations. With a population of over 200 million people, a growing middle class and a vibrant business landscape, Nigeria offers immense market potential, however, establishing, setting up and managing offices in this dynamic market presents unique challenges. 

From high rental costs, to navigating complex leasing agreements to finding a great office space that meets the standard, to setting up a functional office and then dealing with infrastructure and facility management issues. All of these can be time consuming and complex, leading to delays in business operations for organizations looking to set-up quickly.

According to Martin Uche, Country Manager at Campus HQ, the biggest challenge multinationals face is the long, frustrating process of securing and setting up an office, “Many multinationals struggle with the complexity of setting up an office in Nigeria. This has been the biggest problem that we have tried to solve for our client”

Understanding why these obstacles exist is crucial for a successful transition. Let’s take an in-depth look at the primary challenges being faced by multinationals and how Campus HQ provides a seamless and fast solution with turnkey office spaces in just 4 weeks.

Difficulty in Finding the Right Office Space

One of the biggest pain points for multi-nationals is having to find a high-quality office space that meets global standard requirements. The commercial real estate market in Nigeria lacks transparency, making it difficult for companies to be able to compare options, while many commercial real estate properties in Nigeria lack the quality that multinationals expect in terms of design, sustainability, functionality and infrastructure. Issues such as poor ventilation, outdated electrical wiring and lack of proper security makes it difficult to find move-in ready spaces for operational effectiveness.

High Cost of Commercial Real Estate & Leasing Challenges

Office spaces in Nigeria, particularly in Lagos and Abuja are among the most expensive in Africa. Grade A office spaces in locations like Victoria Island, Ikoyi, Ikeja command premium prices. Also, most property owners and real estate agents in Nigeria demand long term lease (within 5-10 years) which requires substantial capital investment upfront and reduces flexibility for multinationals looking for short-term commitments.

Infrastructure & Facility Management Issues

Issues like unreliable power supply, and internet challenges will affect the day-to-day running of any business operations and equally reduce employee productivity, operations agility and affect collaboration among teams when experienced.

Why Multinationals Should Choose Campus HQ

At Campus HQ, we provide a fast, flexible and fully managed solution that eliminates these hurdles, allowing businesses to set up and operate seamlessly in Nigeria. Here's how we do it:

Offices Fully Ready in Just 4 weeks

Campus HQ eliminates the inefficiencies of setting up your office, speed is everything. While the traditional set up takes 6-12 months, Campus HQ promises to deliver a fully functional office space in just 4 weeks, no time wasted dealing with landlords, real estate agents or local artisans and vendors, Campus HQ handles everything from office space sourcing to office set-up. 

High Quality Workspaces that Match Global Standards

Campus HQ provides quality office spaces that are set-up and designed to meet the international corporate standards that will enhance productivity and brand perception ensuring a seamless transition for global teams.

Provision of all Inclusive Facility Management Service

Campus HQ provides a full facility management service, ensuring there is uninterrupted power supply, fast and reliable internet service and any other infrastructure that is required to run the day-to-day operations in the office space. We also provide a standby

facility manager on ground to attend to your office management needs.

Martin Uche emphasizes Campus HQ’s commitment to offering fast, flexible, and fully managed office solutions through its office space listings that cut through the usual complexities of setting up in Nigeria. “At Campus HQ, we’ve remove these barriers by delivering ready-to-use office spaces in just 4 weeks,” he shares.

As a multinational, a successful market entry requires the right strategy, one that puts you ahead of the challenges of setting up an office in Nigeria. At Campus HQ, we want you to focus on growth while we handle your workspace needs. Visit www.thecampushq.com to learn more and book a consultation with us.