Ease of Doing Business: Nigeria moves up 24 places on World Bank ranking

The World Bank on Tuesday announced that Nigeria is now ranked 145th position out of 190 countries in the Ease of Doing Business index for 2018.
The World Bank stated this in its just released Ease of Doing Business report titled, “Doing Business 2018: Reforming to create jobs”.
According to the report, Nigeria moved up by 24 places from 169th position on the 2017 ranking and also 170th position on the 2016 ranking to 145 in the World Bank’s 2018 report.
According to the World Bank, Nigeria alongside El Salvador, India, Malawi, Brunei Darussalam, Kosovo, Uzbekistan, Thailand, Zambia and Djibouti are the top 10 improved countries worldwide, after carrying out numerous reforms to improve their business environments.
“These economies together, implemented 53 business regulation reforms across 10 of the areas measured by doing business.
“Overall, the 10 top improved implemented the most regulatory reforms in the area of credit sourcing, starting a business, dealing with construction permits and paying taxes,” the report said.
Details of the report revealed that Nigeria now ranked 130th out of 190 countries from its 138 position in 2017, in terms of ‘Starting a Business’ and 147th from 174th in 2017 in terms of ‘Getting Construction Permit’.

Leave a Reply

Your email address will not be published. Required fields are marked *

*