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Starting Business In Nigeria Getting More Difficult – World Bank by somtookeke(m): 4:19pm On Nov 19, 2015 |
STARTING a business in Nigeria has become more cumbersome over the last one year, according to “Doing Business”, an annual report by the World Bank Group measuring the regulations that enhance business activity in 189 economies and those that constrain it. According to the “Doing Business 2016”, the 13th in the series of the annual reports, ranking by ease of starting a business moved the country down 8 places from 131 to 139; access to credit also moved down 7 places from 52 to 59; while access to electricity moved 1 place down from 181 to 182. The report claims that the process of starting a new business in Nigeria is hampered by government bureaucracy, with people resorting to third party agents to help them facilitate the process of business registration. The World Bank report also highlighted unstable power supply and lack of access to credit facility as major drawbacks for a business start-up in Nigeria. CLICK THE LINK BELLOW TO VIEW MORE ABOUT THIS POST >> #SpeakersDen: Starting #business in #Nigeriagetting more difficult; #World_Bank : http://speakersden2..com/2015/11/starting-business-in-nigeria-getting.html #quote #FF #RT #FF #F4F |
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