Larson in Nigeria

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Nigeria is the most populous country in Africa with 134 million people in 2003. The country’s GDP is $55billion while per capital GDP was $433. Nigeria inflation rate is a double digit that ranges between 10 and 11.7 per cent. Larson established a joint venture in Nigeria in 1994 with a local partner who held a 25% of the joint venture’s equity...
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Larson found himself in a tight position when he promised to increase the share of the local ownership to 51% within the next five to seven years. Sales revenue from Nigerian firm is tolled $45 million, out of the total, $39.4, $5.6 are realize from Nigeria and export respectively...
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