The World Bank Doing Business (DB) team has just announced Nigeria as one of the top-20 improvers (countries) in doing business out of 190 countries, Igbere TV reports.

The World Bank Doing Business Report is an objective assessment of prevailing business environments based on a number of ease of doing business indicators. In Nigeria, the report assesses doing business conditions in the two largest commercial cities of Lagos and Kano.

The new report acknowledges reforms spearheaded by the government in the areas of “operationalizing a new electronic platform that integrates the tax authority and the Corporate Affairss Commission (CAC)”.

It also acknowledges reforms carried out in some of the World Bank Doing Business indicator areas such as starting a business, registering property, getting construction permits, getting electricity, enforcing contracts, and trading across borders.

“Nigeria made starting a business easier by operationalizing a new electronic platform that integrates the tax authority and the Corporate Affairs Commission (CAC)”, the report said. “The CAC also upgraded its name reservation platform and, in Kano, there is now an electronic platform for registering business premises online, eliminating the need to appear in person.”

“In Lagos, land administration was made more transparent following the digitisation of cadastral plans in a geographic information system; digital copies of cadastral plans are now easily obtainable.

“Nigeria also made getting electricity easier by allowing certified engineers to conduct inspections for new connections. Initiatives also made commercial litigation of smaller cases more efficient.

“The Chief Judges in Lagos and Kano issued practice directions for small claims courts introducing pre-trial conferences and limit adjournments.

“Finally, customs integrated more agencies into its electronic data interchange system, and port authorities launched an e-payment system, speeding up both exports and imports”, the report added.

Over the past three years, Nigeria’s score has steadily improved in the World Bank Doing Business Report, after years of decline in both score and ranking in the years preceding 2016. In 2017, Nigeria moved up by an unprecedented 24 places on the Doing Business rankings.

Reacting, Special Adviser to the President on Ease of Doing Business, Dr Jumoke Oduwole said in statement obtained by Igbere TV that the development was a indication efforts by Muhammadu Buhari to reposition the country’s economy was paying off.

“The recognition being given to Nigeria as one of the top 20 most improved countries, who have implemented the most reforms this year is significant because we weren’t even able to achieve some of the key reforms we had pursued, but what we have done so far is being recognised”, she said.

“This validation confirms that our strategy is working and we will continue to push even harder”, added Oduwole.

“These improvements in the standing of Nigeria trail the reform agenda being implemented at national and sub-national levels across the country since the establishment of the Presidential Enabling Business Environment Council (PEBEC) by President Muhammadu Buhari in July, 2016.

“...Nigeria is poised to meet its goal of being a top 100 ranked economy by 2020. The announcement indicates that our goal of moving into the top 70 doing business destinations by 2023 remains achievable.”

Oshin56:
Because they know our leaders can sell the whole country for there own selfish interest.

docadams:


Go join your likes in bbnaija threads.

I guess you have been there