Nigeria has again improved further in its world bank ranking of ”Ease of doing Business,moving up by 24 points from 165th in 2017 to 145th in 2018.

Also within Nigeria,the FCT,Abuja was ranked number 1, in the report,in terms of starting a business ,followed by Zamfara. Ondo state occupied the bottom.

In Sub-Saharan Africa,that excludes North Africa,Mauritius is number 1, but 25th globally,followed by Rwanda which is at number 2 in Sub-Saharan Africa,but 41st in the world.Nigeria occupies the 21st position in Sub-Saharan Africa,behind other countries like South Africa,Ghana and Niger.Mali,Senegal.

Sub-Saharan Africa Ranking(Top 25):

1.Mauritius
2.Rwanda
3.Kenya
4.Botswana
5.South Africa
6.Zambia
7.Seychelles
8.Lesotho
9.Namibia
10.Malawi
11.Swaziland
12.Ghana
13.Uganda
14.Cabo Verde
15.Tanzania
16.Mozambique
17. Côte d’Ivoire
18. Senegal
19. Mali
20. Niger
21. Nigeria
22. The Gambia
23. Burkina Faso
24. Mauritania
25. Benin
Economies are ranked on their ease of doing business, from 1–190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to June 2017.

A nation’s ranking on the index is based on the following subindices:

Starting a business – Procedures, time, cost and minimum capital to open a new business
Dealing with construction permits – Procedures, time and cost to build a warehouse
Getting electricity – procedures, time and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse
Registering property – Procedures, time and cost to register commercial real estate
Getting credit – Strength of legal rights index, depth of credit information index
Protecting investors – Indices on the extent of disclosure, extent of director liability and ease of shareholder suits
Paying taxes – Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit
Trading across borders – Number of documents, cost and time necessary to export and import
Enforcing contracts – Procedures, time and cost to enforce a debt contract
Resolving insolvency – The time, cost and recovery rate (%) under bankruptcy proceeding
The Doing Business project also offers information on following datasets:

Distance to frontier – Shows the distance of each economy to the “frontier,” which represents the highest performance observed on each of the indicators across all economies included since each indicator was included in Doing Business
Entrepreneurship – Measures entrepreneurial activity. The data is collected directly from 130 company registrars on the number of newly registered firms over the past seven years
Good practices – Provide insights into how governments have improved the regulatory environment in the past in the areas measured by Doing Business
Transparency in business regulation – Data on the accessibility of regulatory information measures how easy it is to access fee schedules for 4 regulatory processes in the largest business city of an economy.


https://www.financialdigest.com.ng/

good development. slow and steady progress.

Nansense! Nigeria still difficult to do business. See who we dey compete with for rock bottom Thunder fire Buhari!!!