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Market Entry Consultancy Report.

This report provides a market entry strategy for Enbridge Inc. to enter the Nigerian market. It begins with an overview of Nigeria, highlighting its large population and economy as well as significant opportunities in the energy sector due to current energy shortages. The report then analyzes Nigeria's political, economic, social, technological, legal and environmental factors. It also examines cultural differences between Nigeria and Canada that could impact Enbridge's strategy. Finally, it recommends strategic alliance as Enbridge's entry strategy into Nigeria's growing energy market, which represents a major opportunity for investment and expansion.

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0% found this document useful (0 votes)
284 views19 pages

Market Entry Consultancy Report.

This report provides a market entry strategy for Enbridge Inc. to enter the Nigerian market. It begins with an overview of Nigeria, highlighting its large population and economy as well as significant opportunities in the energy sector due to current energy shortages. The report then analyzes Nigeria's political, economic, social, technological, legal and environmental factors. It also examines cultural differences between Nigeria and Canada that could impact Enbridge's strategy. Finally, it recommends strategic alliance as Enbridge's entry strategy into Nigeria's growing energy market, which represents a major opportunity for investment and expansion.

Uploaded by

rini john
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC

COMPANY: ENBRIDGE INC.

EXPORT COUNTRY: NIGERIA

By

George Ijioma

Neethu Johnson

Kavitha Kamal Raj

Abhilash Kanathala

Hiralben Khengar

Aashika Najumudin

Master of Management, Crandall University.

Mm6173-4: International Business Management

Dr. Dannie Brown.

May 30, 2023.


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
2

Table of Contents:

Executive Summary

Introduction

Country Overview: Nigeria

PESTLE Analysis of Nigeria

Hofstede Culture Theory Analysis

Company Overview: Enbridge Inc

Recommended Company Export Market Entry Strategy

Timeline

Business Viability Analysis

Conclusion

References
MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
3

Executive Summary

This market entry report provides a comprehensive analysis of Enbridge Inc.'s potential entry

into the Nigerian market. The report begins with an introduction to Enbridge Inc.,

highlighting its expertise in energy infrastructure. It then provides an overview of Nigeria,

emphasizing its economic significance and opportunities in the energy sector.

The report employs the PESTLE analysis framework to evaluate the political, economic,

sociocultural, technological, legal, and environmental factors in Nigeria.

The Hofstede Culture theory analysis investigates key cultural dimensions in Nigeria, such as

power distance, individualism vs. collectivism, masculinity vs. femininity, uncertainty

avoidance, and long-term orientation in comparison to Canada. Understanding these cultural

nuances is essential for Enbridge Inc. to effectively penetrate the Nigerian market.

The report also delves into market entry strategies, including target market segmentation,

entry modes, marketing and communication strategies, and risk assessment and mitigation. A

competitive analysis evaluates major competitors in the Nigerian energy sector, followed by a

SWOT analysis of Enbridge Inc.

Based on the analysis, recommendations are provided to support Enbridge Inc. in making

informed decisions and developing a successful market entry strategy in Nigeria.


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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MARKET ENTRY STRATEGY REPORT ON ENBRIDGE INC INTO NIGERIA

Background to the Study

The current global economy encourages high-impact investment for open economies with

huge business potentials to grow revenue base and opportunities for the economy (Victor,

2022). To be globally competitive, there is a need for companies to leverage low-cost

investment opportunities abroad to boost their profitability and profit growth. According to

Hill et al (2021: 392), “Firms that operate internationally are able to expand the market for

their product offerings, realize location and cost economies and earn a greater return by

leveraging any valuable skills…”.

Nigeria has a huge growing population mired in an energy crisis. Nigeria’s power sector is

untapped and her current power generation capacity is not enough to serve the demands of

her growing population. Consequentially, Nigeria’s energy market offers a huge opportunity

for any discerning firm to leverage for strategic investment. As a company desirous of

expansion into the African Market, Lagos State is germane for Enbridge Inc’s entry. The

choice of Lagos is based on its strategic significance to the economy of Nigeria and by

extension, Africa and its potential high rate of return on invested capital.

This report is aimed at unraveling to the Board of Enbridge the potential in the Nigerian

energy market. To achieve this, it guides the reader through a brief overview of the company

profile and a quick overview of the export country profile. The PESTLE analytical

framework was deployed to provide a loop into Nigeria’s political, economic, social,

technological, and environmental environment. The report also relied on Hofstede’s country

analysis to provide insight into how Nigeria compares with Canada on selected parameters

which will be critical to the success of Enbridge Inc in Nigeria. Based on critical analysis, the
MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
5

report concludes that Lagos State Nigeria offers a huge potential for return on investment and

advocated that Enbridge Inc considers Strategic Alliance as its entry strategy.

Country Overview: Nigeria

Nigeria, located in West Africa, is the most populous country in Africa with a population of

about 195 million people, and has the largest economy in sub-Saharan Africa with a GDP of

$ 397 million (Power Africa, n.d). Nigeria is rich in natural resources, particularly in the oil

and gas sector, which plays a pivotal role in its economic growth. This growth potential is

constrained by the limitations in the power sector.

Nigeria has a huge power generating capacity with the energy mix tilting majorly to 80%

Thermal and 20% hydro. This unexploited energy-generating capacity is a huge market for

any discerning investor. Hence, the reason for the report. The International Trade

Administration (2021), described the electricity and power systems in Nigeria as “the best

prospect industry sector.”

Nigeria has an energy crisis caused by a myriad of factors key of which is a lack of

investment in energy infrastructure leading to a shortage in reliable power supply. Out of the

potential power-generating capacity of 12,522MW, Nigeria currently generates about

4000MW (Olaigbe, 2021).

The Nigerian Government in 2013 as part of a wider strategy to reform the power sector,

privatized the power sector and transferred the power generating and distribution functions to

11 distribution companies and 6 generating companies while retaining 100% control of power

transmission. Despite the huge investment in the power sector, the country is still engulfed in

a power crisis and will require more investments to achieve power reliability.
MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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Currently, Nigeria is one of the most underpowered countries in the world (Moss &

Portelance, 2017). Since power is critical to the survival of households in Nigeria, Nigerians

rely on the use of fusil fuel generators to generate power. This means that fusil fuel is the

major source of power generation in Nigeria. Aside from the high cost of this to the humans

and companies, this impacts the ease of doing business by companies. This is in addition to

the greenhouse effect the use of generating sets has on the environment in addition to the

noise pollution it generates. Nigeria ranks 171 out of 190 nations in terms of access to

electricity according to World Bank’s report and an estimated 22 million small-unit

generators are in use by Nigerians (Olaigbe, 2021).

The energy crisis presents both a challenge and an opportunity for discerning businesses.

Enbridge Inc can leverage this problem to penetrate the Nigerian Market with its Solar Power

products. Nigeria enacted the Electric Power Sector Reform Act in 2005 and this birthed the

establishment of the Nigeria Electricity Regulatory Commission (NERC) as an independent

regulatory body for the electricity industry in Nigeria. Nigeria started its Renewable Master

Plan Initiative in 2006 and in 2011, the launched the master plan “with the aim of increasing

the share of renewable energy in the country’s energy architecture by at least 13% by 2015,

23% by 2025, and 36% by 2030” according to the International Trade Administration (2021).

Nigeria currently has an estimated solar generation capacity of 5GW out of an estimated

427GW. To address this problem, there is a need for a significant investment to be made in

the energy landscape to make it more sustainable and efficient. Currently, there is a growing

need for increased dependence on renewable energy sources, such as solar and wind power.

This, it is hoped, will help reduce the over-reliance on fossil fuels and mitigate its adverse

effect on the climate. Being a signatory to the Paris Agreement on Climate Change has also

provided the impetus for Nigeria’s shift to renewable energy generation.


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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S/N DATA ABOUT NIGERIA ENERGY SECTOR


1 POPULATION 195.87 Million
$440B IN 2021. 454.05 Estimated in EOY
2 GDP 2023
3 ENERGY CAPACITY 15,522MW
4 CURRENT CAPACITY 4000MW
5 ENERGY MIX THERMAL(80%) HYDRO (20%)
6 SOLAR POTENTIAL 427GW
7 CURRENT CAPACITY 5GW
8 POPULATION OF URBAN DWELLERS 51% OF TOTAL POPULATION
9 POPULATION OF RURAL DWELLERS 49% OF TOTAL POPULATION
10 URBAN ELECTRICITY ACCESS 55.00%
11 RURAL ELECTRICITY ACCESS 36.00%
PERCENTAGE OF PEOPLE WITH NO
12 ACCESS TO ELECTRICITY 43.00%
LOSS DUE TO LACK OF RELIABLE
13 ELECTRICITY $26.2BN
AVERAGE ELECTRICITY SUPPLY PER
14 DAY 6-12 HOURS
NO OF HOUSEHOLDS WITHOUT
15 ELECTRICITY 20M AS PER 2018 REPORT
Sources
https://www.usaid.gov/powerafrica/nigeria
:
https://www.trade.gov/country-commercial-guides/nigeria-electricity-and-power-systems.
SELECTED COUNTRIES ENERGY PRODUCTION COMPARISON

S/N COUNTRY ENERGY PRODUCED (GwH) REMARK

1 NIGERIA 7,421 INVESTMENT WILL CREATE VALUE

HAS STABLE ELECTRICITY AND NEED


2 CANADA 62,479 TO EXPLOIT INTERNATIONAL MARKET

AFRICAN COUNTRY WITH FAR LESS


3 EGYPT 15,831 POPULATION COMPARED TO NIGERIA

AFRICAN COUNTRY WITH FAR LESS


4 GHANA 22,051 POPULATION COMPARED TO NIGERIA

SELECTED BASED ON SIMILAR


5 INDIA 123,658 DEMOGRAPHIC TRAIN WITH NIGERIA

AFRICAN COUNTRY WITH FAR LESS


6 IVORY COAST 9,835 POPULATION COMPARED TO NIGERIA

AFRICAN COUNTRY WITH FAR LESS


7 SUDAN 17,563 POPULATION COMPARED TO NIGERIA

Sourced From: CEIC DATA: https://www.ceicdata.com/en/indicator/nigeria/electricity-production


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
8

Nigeria has undergone significant political and economic reforms in recent years, attracting

foreign investment and presenting numerous opportunities for international companies like

Enbridge Inc. To help Enbridge Inc have a clearer understanding of Nigeria, this report x-rays

the Political, Economic, Social-Cultural, Technological, Legal, and Environmental factors

using the PESTLE analytical tool.

PESTLE Analysis of Nigeria

Here is an analysis of each factor in the context of Nigeria:


Political Environment

Nigeria practices democracy. The significant progress in democratic governance has

contributed to political stability in the country. This stability provides a favorable

environment for Enbridge Inc. to enter the market and conduct business operations.

The Nigerian government has implemented policies aimed at attracting foreign investment

and promoting economic growth, particularly in the energy sector. One such is the

Renewable Master Plan. Enbridge Inc. can benefit from these policies and leverage them to

establish a strong presence in Nigeria.

Nigeria-Canada Foreign Relations: Nigeria has a good relationship with Canada. Both are

members of Common Wealth.

Economic Environment

Nigeria's economy is heavily reliant on oil exports, which exposes it to price volatility and

economic fluctuations. The country is on a drive to diversify its economic base. The Nigeria

Solar Renewable Energy sector is witnessing innovation in various areas. Key investments

have been made in the energy sector. Companies are investing in new technologies to
MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
9

enhance solar energy generation, storage, and distribution. There are growing innovations in

solar panel efficiency, battery technology, and smart grid systems.

There exists favorable business policies and reduced tariffs on solar equipment. The country

is importing solar components to meet the growing demand and is also starting to export solar

equipment and expertise to neighboring African countries.

The solar market in Nigeria has attracted over USD 227 million driven mostly by foreign

investments (Adaju, 2022).

Sociocultural Environment

Nigerians wish to have better electricity access and have in the past shown this through self-

generation of power using small diesel generators popularly known as “I pass my neighbor.”

According to the Organization for Economic Co-operation and Development (2019),

“Culturally, there is a push to move to more powerful solar home systems.

Nigeria is home to over 250 ethnic groups, each with its unique cultural practices and

preferences. Enbridge Inc. is not new to plying its trade in a diverse country such as Nigeria.

Canada is known for its multicultural orientation.

While English is the official language in Nigeria, local languages are widely spoken across

different regions. This is a big plus for Enbridge Inc. since English is one of the two official

languages spoken in Canada.

Nigeria has a rapidly growing middle class, which presents opportunities for increased energy

consumption and infrastructure development. Enbridge Inc. can capitalize on this trend by

offering energy solutions that cater to the evolving needs of the middle-class population.

Nigeria has a 5-day-per-week work culture. The country has a growing youth population and

an avalanche of talented cheap labor force.


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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Technological Environment

Nigeria has experienced significant growth in mobile and internet penetration, providing

opportunities for digital solutions and innovative technologies. Enbridge Inc. can leverage

digital platforms to enhance its operations, customer engagement, and service delivery in

Nigeria. The Nigerian government is increasingly emphasizing renewable energy sources to

diversify the energy mix and reduce environmental impact. Enbridge Inc. should explore

partnerships or investments in renewable energy projects to align with the country's goals and

capitalize on the growing demand for clean energy solutions.

Legal Environment

Companies entering Nigeria must navigate a complex regulatory environment. Enbridge Inc.

should ensure compliance with applicable laws and regulations, particularly in the energy

sector. This includes obtaining necessary permits, licenses, and approvals, and adhering to

environmental and safety standards. The Electricity Power Sector Reform Act (EPSRA) of

2005 set the stage for the reform in Nigeria’s power sector. The Act was responsible for the

establishment of the Nigerian Electricity Regulatory Commission (NERC) which is the key

regulatory body responsible for licensing and regulation.

The key regulatory agencies governing the renewable energy space in Nigeria include the

Nigerian Electricity Regulatory Commission, Transmission Commission of Nigeria, Nigeria

Bulk Electricity Trader, Standard Organisation of Nigeria, and Nigeria Electricity

Management Services.

Environmental Environment

Nigeria is vulnerable to the impacts of climate change, including increased frequency and

intensity of extreme weather events. Enbridge Inc. should integrate environmental


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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considerations into its operations and projects, promoting sustainability, energy efficiency,

and climate resilience.

Nigeria has implemented environmental regulations to address pollution, waste management,

and natural resource conservation. Enbridge Inc. should comply with these regulations and

demonstrate its commitment to environmental stewardship through sustainable practices and

adherence to environmental standards.

Hofstede Country Culture Comparison Analysis

The Hofstede Culture theory provides insights into cultural dimensions that can impact

business operations. Understanding these dimensions is crucial for Enbridge Inc. to navigate

the cultural landscape in Nigeria effectively. The key cultural dimensions in Nigeria are:

Power Distance

Nigeria with a score of 80% exhibits a relatively high power distance, reflecting a

hierarchical society compared to Canada with a score of 39%. Respect for authority and

decision-making by superiors are important cultural norms. Enbridge Inc. should consider the

hierarchical structure when establishing relationships and conducting business negotiations in


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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Nigeria. Building trust with key stakeholders and demonstrating respect for authority figures

will contribute to successful business interactions.

Individualism vs. Collectivism

Nigeria leans more towards collectivism, emphasizing close-knit relationships, extended

family networks, and group harmony. Building strong relationships and partnerships is

crucial for Enbridge Inc.'s success in Nigeria. Collaborative approaches, involving multiple

stakeholders, and addressing the collective needs of the communities will enhance the

acceptance and adoption of Enbridge Inc.'s projects and initiatives.

Masculinity vs. Femininity

Nigeria exhibits a mix of both masculinity and femininity in its cultural values. While

traditional gender roles still influence society, women are increasingly taking on prominent

roles in business and politics. Enbridge Inc. should promote diversity and gender equality

within its operations and engage with female entrepreneurs, professionals, and community

leaders. Supporting initiatives that empower women and fostering an inclusive work

environment will contribute to Enbridge Inc.'s success in Nigeria.

Uncertainty Avoidance

Nigeria has a moderate uncertainty avoidance culture. Companies should provide clear

guidelines, structure, and rules, while also demonstrating flexibility and adaptability.

Enbridge Inc. should strike a balance between adhering to established procedures and being

responsive to changes and uncertainties in the Nigerian business environment. Effective

communication and proactive problem-solving will help manage uncertainties and build trust

with stakeholders.
MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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Long-Term Orientation

Nigeria exhibits a long-term orientation, valuing traditions, relationships, and long-lasting

partnerships. Enbridge Inc. should invest in building trust, maintaining sustainable

relationships, and demonstrating a long-term commitment to Nigeria. Establishing social

responsibility initiatives, engaging in community development projects, and contributing to

the local economy will help foster long-term relationships with stakeholders and gain their

support.

Company Overview: Enbridge Inc.

Enbridge Inc. is a leading energy infrastructure company based in Canada. With expertise in

oil and gas pipelines, renewable energy, and power transmission, Enbridge Inc. has a strong

track record of successful projects worldwide. The company's core values of safety, integrity,

and sustainability align with its commitment to delivering reliable and sustainable energy

solutions.

Since its initial investment in a wind farm in 2002, Enbridge Inc has “committed more than

C$8 billion in capital to renewable energy and power transmission projects. The company’s

renewable energy projects have the capacity to generate 5180 megawatts according to the

information from the company’s website. In solar, Enbridge Inc has invested in 16 operations

with a 254 gross capacity. According to Enbridge Inc’s official source, its “solar investment

can power more than 38,800 homes” annually.

Market Entry Strategy

Target Market and Segmentation

After due analysis, the report identifies Lagos State Nigeria as the target city for the entry

strategy. The choice of Lagos is because of its cosmopolitan nature and population mix. The
MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
14

segmentation is based on factors such as geographic location, industry sectors, energy needs,

and customer profiles. According to Victor (2022), Lagos is the most industrialized city in

sub-Saharan Africa and has a human population larger than the combined population of

Gabon, Botswana, Gambia, Namibia, and Liberia and has remained a leading investment hub

in Africa over the years. By understanding the specific needs and preferences of different

market segments, Enbridge Inc. can tailor its offerings and communication strategies

accordingly to take advantage of the opportunities in Lagos State, the fourth biggest economy

in Africa by Gross Domestic Product(GDP) (Victor, 2022).

Market Entry Distribution Strategy

Enbridge Inc can take advantage of a myriad of entry options ranging from exportation,

acquisition, joint ventures, and strategic alliance to greenfield ventures. However, based on

the long-term orientation of the investment, the report recommends a Strategic Alliance. This

is an international strategy initiative that aims at collaborating with local partners, such as

renewable energy developers or government agencies, can enable Enbridge Inc. to leverage

its resources, expertise, and relationships.

By establishing strategic partnerships and collaborations with a local company or government

entities, Enbridge Inc. enhances its market position. The partnership can provide access to

networks, local market knowledge, and regulatory support.

Marketing and Communication Strategies

Enbridge Inc. should develop tailored marketing and communication strategies to effectively

reach and engage with the Nigerian market. Marketing materials, messaging, and visuals that

resonate with the cultural diversity in Nigeria should be adapted.


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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The report also recommends that Enbridge collaborates with local influencers, community

leaders, and organizations to enhance brand visibility and credibility.

Additionally, conducting outreach programs and campaigns to educate the Nigerian

population about Enbridge Inc.'s offerings, sustainability practices, and the benefits of clean

energy.

Lastly, leveraging digital platforms and social media to reach a wide audience, particularly

considering Nigeria's high digital adoption rate will also be of immense benefit to Enbridge

Inc.

Business Viability Analysis: Risk Assessment and Mitigation

The report identifies the potential risks Enbridge Inc. might face and recommend the

development of mitigation strategies. Key risk areas to consider include:

a) Political and Regulatory Risks: Monitor political developments, changes in government

policies, and regulatory frameworks to anticipate potential impacts on Enbridge Inc.'s

operations.

b) Security Risks: Assess the security landscape and implement measures to protect assets,

personnel, and infrastructure.

c) Economic Risks: Monitor economic indicators and factors that may affect the energy

sector, such as oil price fluctuations and currency exchange rates.

d) Environmental and Social Risks: Develop robust environmental management practices,

adhere to sustainability standards, and engage in responsible community development

initiatives.

Competitive Advantage and SWOT Analysis of Enbridge Inc


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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Enbridge Inc. should analyze its competitive advantages to differentiate itself from the major

competitors in the Nigerian market. Key factors to leverage include:

i) Expertise and Technology: Enbridge Inc. has a strong track record and expertise in energy

infrastructure, including oil and gas pipelines and renewable energy projects. Its

technological capabilities and innovation in energy solutions provide a competitive edge.

ii) Sustainability and Clean Energy Focus: Enbridge Inc.'s commitment to sustainability and

clean energy aligns with Nigeria's goals of diversifying its energy mix and reducing carbon

emissions. Emphasizing its renewable energy solutions and environmental stewardship can

differentiate Enbridge Inc. in the market.

iii) International Experience: Enbridge Inc.'s successful projects and operations in various

countries demonstrate its global experience and ability to navigate diverse market

environments. This experience can contribute to the company's competitive advantage in

Nigeria.

iv) Partnerships and Collaborations: Establishing strategic partnerships and collaborations

with local companies, government entities, and community stakeholders can enhance

Enbridge Inc.'s market position. These partnerships can provide access to networks, local

market knowledge, and regulatory support.

The report contains a SWOT analysis to help Enbridge that considers its internal strengths

and weaknesses, as well as external opportunities and threats. Based on the analysis,

Enbridge Inc’s strong expertise in energy infrastructure, technological capabilities, and

innovation, commitment to sustainability and clean energy, international experience, and

successful track record are good to have and outweigh the company’s weaknesses in local

market knowledge and lack of understanding of the business dynamics. This is why the report

recommends Strategic Alliance as an entry strategy as the local partner will bring this
MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
17

knowledge. Opportunities abound in the form of growing energy demand and infrastructure

development in Nigeria, government initiatives to diversify the energy mix and promote

clean energy, the potential for collaboration with local entities, and community engagement

Though there exist inherent threats arising from Intense competition from major players in

the Nigerian energy sector, Political and regulatory uncertainties, Security risks and

operational challenges, Regulatory Environment, and Legal Considerations, it is the report’s

overall assumption that Nigeria is a good destination for Enbridge Inc to disperse its product

to Africa.

Conclusion

By considering the cultural dimensions of power distance, collectivism, masculinity vs.

femininity, uncertainty avoidance, and a long-term orientation, Enbridge Inc. can adapt its

strategies, communications, and operations to align with Nigerian cultural values. Building

cultural intelligence and fostering cross-cultural understanding will enhance Enbridge Inc.'s

ability to navigate the Nigerian market and foster positive relationships with stakeholders.

By understanding the target market, choosing appropriate entry modes, implementing

effective marketing and communication strategies, and conducting thorough risk assessments,

Enbridge Inc. can develop a comprehensive market entry strategy that maximizes

opportunities and mitigates potential challenges in Nigeria.


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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References

Adaju, S (2022, February 12). The Solar Market in Nigeria is Driven by Mostly Foreign

Investment, Attracting over USD 227 Million from a Range of Investors.

SolarQuarter. https://solarquarter.com/2022/02/12/the-solar-market-in-nigeria-is-

driven-by-mostly-foreign-investment-attracting-over-usd-227-million-from-a-range-

of-investors-dr-segun-adaju-ceo-consistent-energy-limited-and-president-renewable/

Enbridge Inc. (2023). Renewable Energy. https://www.enbridge.com/about-us/renewabl-

energy

Hill, C. W.L., Hult, G.T.M., Mckaig, T., Cotae, F., & Richardson, T. (2021). Global Business

Today. 6th Edition. McGraw Hill Publishers, Canada.

Hofstede Insights (n.d). Country Comparison Tool.

https://www.hofstede-insights.com/country-comparison-tool?countries=canada

%2Cnigeria*

International Trade Administration (2021). Nigeria- Country Commercial Guide: Electricity

and Power Systems. https://www.trade.gov/country-commercial-guides/nigeria-

electricity-and-power-systems

Moss, T. & Portelance, G. (2017). Do African Countries Consume Less (or More) Electricity

than their Income Levels Suggest? Center for Global Development.

https://www.cgdev.org/blog/do-african-countries-consume-less-or-more-electricity-

than-their-income-levels-suggest

Olaigbe, O. (2021, September,27). Power Problems: Could Nigeria Solar solver Nigeria’s

electricity woes? Aljazeera News.


MARKET ENTRY CONSULTANCY REPORT FOR ENBRIDGE INC
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https://www.aljazeera.com/economy/2021/9/27/power-problems-could-solar-solve-

nigerias-electricity-woes

Organization for Economic Co-operation and Development (2019). Achieving Energy Access

in Sub-Saharan Africa. https://www.oecd.org/environment/cc/climate-futures/case-

study-achieving-clean-energy-access-in-sub-saharan-africa.pdf

Power Africa in Nigeria. (n.d). Nigeria Power Africa Fact Sheet. United States Agency for

International Development. https://www.usaid.gov/powerafrica/nigeria

Victor, A. (2022, February 1). Why Lagos remains Africa’s best Investment Destination.

Business Day. Retrieved from https://businessday.ng/opinion/article/why-lagos-

remains-africas-best-investment-destination/

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