Nigeria ranks 169th in ease of doing business global rating

Nigeria ranks 169th in ease of doing business global rating
October 26 06:21 2016

The World Bank has ranked Nigeria 169th out of 190 countries on its Ease of Doing Business index for next year.

The World Bank stated this in its Ease of Doing Business report titled, Doing Business 2017: Equal Opportunity for All, published on Tuesday.

The report indicated that Nigeria moved up by one point from 170th position on the 2016 ranking to 169th position for the 2017 ranking.

The World Bank’s Doing Business ranking for 2017 covers 11 indicator sets and provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.

According to the report,  most improvement for Nigeria is in area of access to credit where the country moved up by 16th position. Details of the report revealed that Nigeria ranked 138th position in Starting a Business, 174th position in terms of Getting Construction Permit, 180th position in Getting electricity, 182nd position in Registering Property, 44th position in Getting Credit, 32nd position in Protecting Minority Investors, 182nd position in Paying Taxes, 181st position in Trading Across Borders, 139th position in terms of Enforcing Contracts, and 140th position in Resolving insolvency.