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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.


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#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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