₦airaland Forum

**Named Global Top-10 Improver For The Second Time In Three Years



The World Bank’s 2020 Doing Business Index (DBI) has ranked Nigeria 131 out of 190 countries, up 15 places from 146 position last year. The report, which was released on October 24, 2019 also named Nigeria one of the top 10 most improved economies in the world for the second time in three years. Nigeria is one of only two African countries to make this highly prestigious list. With this year’s leap, Nigeria has improved an aggregate of 39 places in the World Bank Doing Business index since 2016.



The Doing Business Index is an annual ranking that objectively assesses prevailing business climate conditions across 190 countries based on 10 ease of doing business indicators. The index captures ease of doing business reforms that have been validated by the private sector, and offers comparative insights based on private sector validation in the two largest commercial cities in countries with a population higher than 100 million. The report consequently features Lagos and Kano for Nigeria.



While, briefing Mr President on the rankings, the Honourable Minister of Industry, Trade and Investment and Vice Chair of the PEBEC, Otunba Niyi Adebayo stated that, “The steady improvement in Nigeria’s ease of doing business score and rank is a testament to the reforms implemented by this Administration over the past four years in line with 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. The PEBEC works towards the fulfillment of the projections of the Economic Recovery and Growth Plan (ERGP 2017-2020), which is striving to deliver sustainable economic growth in Nigeria by restoring growth, investing in our people, and building a competitive economy as we work towards delivering Mr President’s mandate of bringing 100 million people out of poverty. The 2020 Doing Business report from the World Bank has reaffirmed the commitment of the newly constituted PEBEC to making Nigeria a progressively easier place to do business and removing the bureaucratic constraints to doing business in the country as we forge ahead in this Next Level.”



The Presidential Enabling Business Environment Council, chaired by His Excellency the Vice President, with 13 honourable ministers as members amongst others, has through the Enabling Business Environment Secretariat collaborated with ministries, departments and agencies (MDAs), the National Assembly, the Judiciary, State governments and the private sector to carry out over 140 reforms so far in a bid to remove bureaucratic constraints to doing business in Nigeria and make the country a progressively easier place to start and grow a business.



The report acknowledges reforms spearheaded by the PEBEC in the areas of operationalising a new electronic platform that integrates the tax authority and the Corporate Affairs 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.



“The CAC 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.”



Welcoming the announcement, the Special Adviser to the President on Ease of Doing Business, Dr Jumoke Oduwole, noted that “the movement of 15 places to 131 as well as the recognition being given to Nigeria as one of the top 10 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. This validation confirms that our strategy is working and we will continue to push even harder to deliver more impactful reforms.”



“The private sector remains the fulcrum of the ease of doing business interventions. We are committed to more engagement between reform-implementing organs of government and the private sector players and we are happy to see that this has resulted in a more favourable validation of the reforms by the private sector. This result will serve as encouragement to sustain the deepening of these reforms and make it even more tangible for businesses and the citizenry. The PEBEC is focused on delivering even more substantive reforms for the improvement of the general business climate.” she further stated.



Over the past four 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. It will be recalled that in 2017, Nigeria moved up by an unprecedented 24 places on the Doing Business rankings, and was for the first time ever, recognised as one of the top 10 reformers in the area of doing business that year.



With the impending ratification of the Companies and Allied Matters Bill and the introduction of the Business Facilitation (Omnibus) Bill, 2019 in view, along with other pending and ongoing regulatory, judicial and sub-national reforms, Nigeria is poised to meet its goal of being a top 100 ranked economy by 2020. The announcement indicates that our mandate to move into the top 70 doing business destinations by 2023 remains achievable.



Signed:

Dr Jumoke Oduwole

Special Adviser to the President, Ease of Doing Business

Secretary, PEBEC

24th October, 2019

Good

Gradually .. World bank dont even needs to rate us before average Nigerians agreed to the developments excepts the bad belles Wey this news go still purge Las las

Osinbajo did us well


SouthWest 2023
..

You make profit of #10k a day you by petrol of #9.5k.
Musa would rather continue with his job at the gate

Nigeria is the greatest African country on the planet earth. She's facing a lot of challenges today because of her greater tomorrow.

franchasng:
I love your dream, continuuuu but please don't wake up oh

I would like to ask you, how many country history do you know? How many countries have you been to? By the way, without dreams and hope there would be no future. It's your choice to believe you would have no place in greater Nigeria or for your generation. I believe by the grace of God almighty, I will see the glory of this great Nation Nigeria and my coming generations wouldn't not suffer like I do. Peace sister

Story, someone in europe will jst sit down and be writing what he does not knw, which ease of doing business, did they take into account that our electricity production has remained the same or even reduced despite rising population, yu goto start a bizness, agbero will disturb, govt will tax the shit out of yu, this buhari govt that tax even hawkers they even wanted to start taking money for ussd, ease of doing bizness is worse now, so many obstacles, if yu are not rich yu cant do business in nigeria, im not talking about small scale business to feed your family, thats not business thats survival...

Nice

Please how much did Buhari paid to achieve this because we all know this information is false.

Great road. Great tax relief for start ups. Constant power. Great university to churn out great student. Great laws . Excellent security. Great polices... wow... accessibility to funding!


U say ?

Steve28:
Please how much did Buhari paid to achieve this because we all know this information is false.

The information is very true and it captured many other countries and not just Nigeria alone. Read you will not die

https://www.worldbank.org/en/news/feature/2019/10/24/doing-business-2020-sustaining-the-pace-of-reforms

Okay...atleast make we hear good news for once. Kudos for the citizens and not the government cause the didn't make this happen.

solmusdesigns:




Osinbajo did us well


..

Lol, Nairaland just spots an envious Afonja. I repeat, Nairaland just spots an envious Afonja!

LOOOOOL

No be only ease of doing business. These people should let us hear word.

Steve28:
Please how much did Buhari paid to achieve this because we all know this information is false.

ask those in Abuja na??

Good News.

To copy this joke press 1.

good

Skyfornia:
Okay...atleast make we hear good news for once. Kudos for the citizens and not the government cause the didn't make this happen.

The government actually made it happen with the policies and initiatives they set in place. The attached image is the criteria for assessment. The government provided those and not the citizenry

weting this mallam dey talk sef? envy for calling spade a spade

Anyways vote southwest come 2023, your options are fashola, osinbajo and tinubu choose carefully

Birniwa:
Lol, Nairaland just spots an envious Afonja. I repeat, Nairaland just spots an envious Afonja!

Clown post!


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Olominira:
Nigeria is the greatest African country on the planet earth. She's facing a lot of challenges today because of her greater tomorrow.

I love your dream, continuuuu but please don't wake up oh

solmusdesigns:


weting this mallam dey talk sef? envy for calling spade a spade

Anyways vote southwest come 2023, your options are fashola, osinbajo and tinubu choose carefully

The only Yoruba man that will rule Nigeria is Olusegun Obasanjo, if you doubt me, go and ask Awolowo and Abiola how far because when I told them this back then, they argued too

xxolisexx:
Story, someone in europe will jst sit down and be writing what he does not knw, which ease of doing business, did they take into account that our electricity production has remained the same or even reduced despite rising population, yu goto start a bizness, agbero will disturb, govt will tax the shit out of yu, this buhari govt that tax even hawkers they even wanted to start taking money for ussd, ease of doing bizness is worse now, so many obstacles, if yu are not rich yu cant do business in nigeria, im not talking about small scale business to feed your family, thats not business thats survival...

This is the assessment criteria. They are obviously smarter than you are

Don't know whether to call this a cheering news or not! Number 131 among 190 nations...ha, still much work to be done o!!
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