The latest World Banking ranking, released on Thursday by World bank DC,
revealed that Nigeria scored 4 points higher from 52.9 to 56.9.
This leap puts Nigeria in the bracket of top10 most improved in the latest ranking.
World Bank’s list for top-20 “improvers in doing business” The report has it that “Nigeria has embarked on a comprehensive reform journey following the example of Kenya. The motivation for reform in Nigeria, Tajikistan and Togo was part of the developmental achievements of their neighbours. These economies implemented a total of 59 regulatory reforms in 2018/2019, accounting for one-fifth of all the reforms recorded worldwide. Their efforts focused primarily on the areas of starting a business, dealing with construction permits and trading borders.”
WHAT YOU SHOULD KNOW ABOUT THE
Doing business ranking is based on
quantitative indicators on regulation for
starting a business, dealing with construction
permits, getting electricity, registering
property, getting credit, protecting minority
investors, paying taxes, trading across
borders, enforcing contracts and resolving
Doing Business acknowledges the 10
economies that improved the most on the
ease of doing business after implementing
In Doing Business 2020, the 10 top improvers
were Saudi Arabia, Jordan, Togo, Bahrain,
Tajikistan, Pakistan, Kuwait, China, India, and Nigeria.