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Nigeria ranks 169th position in World Bank’s ease of doing business

By Babajide Komolafe

LAGOS—The World Bank yesterday said that Nigeria ranked 169th   position out of 190 countries in on its Ease of Doing Business index for 2017.

The World Bank stated this in its Ease of Doing Business report titled, Doing Business 2017Equal Opportunity for All, published yesterday. The report indicated that Nigeria moved up by one point from 170th position on the 2016 ranking to 169th position for the 2017 ranking.

The World Bank’s Doing Business ranking for 2017   covers 11 indicator sets and provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.

The report also shows that most improvement for Nigeria is in area of access to credit where the country moved up by 16th position.

Details of the report revealed that  Nigeria ranked 138th position in Starting a Business,  174th position in terms of  Getting  Construction Permit, 180th position in Getting electricity, 182nd position in  Registering Property,  44th position in Getting Credit, 32nd position in Protecting Minority Investors, 182nd position in Paying Taxes, 181st position in Trading Across Borders, 139th position in terms of  Enforcing Contracts, and 140th position in Resolving insolvency.






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