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 2017: Equal 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 reveal that Nigeria ranked 138th position in terms of Starting a Business, 174th position in terms of Getting Construction Permit, 180th position in terms of Getting electricity, 182nd position in terms of Registering Property, 44th position in terms of Getting Credit, 32nd position in terms of Protecting minority investors, 182nd position in terms of Paying Taxes, 181st position in terms of Trading Across Borders, 139th position in terms of Enforcing Contracts, and 140th position in terms of Resolving insolvency

According to the World Bank, “A record 137 economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businesses, says Doing Business 2017: Equal Opportunity for All, the World Bank Group’s annual report on the ease of doing business.

“The new report finds that developing countries carried out more than 75 percent of the 283 reforms in the past year, with Sub-Saharan Africa accounting for over one-quarter of all reforms.

In its global country rankings of business efficiency, Doing Business 2017 awarded its coveted top spot to New Zealand, Singapore ranks second, followed by Denmark; Hong Kong SAR, China; Republic of Korea; Norway; United Kingdom; United States; Sweden; and Former Yugoslav Republic of Macedonia.

“The world’s top 10 improvers, based on reforms undertaken, are Brunei Darussalam; Kazakhstan; Kenya; Belarus; Indonesia; Serbia; Georgia; Pakistan; United Arab Emirates (UAE); and Bahrain.

“The report cites research that demonstrates that better performance in Doing Business is, on average, associated with lower levels of income inequality, thereby reducing poverty and boosting shared prosperity.

“Simple rules that are easy to follow are a sign that a government treats its citizens with respect. They yield direct economic benefits – more entrepreneurship; more market opportunities for women; more adherence to the rule of law,” said Paul Romer, World Bank Chief Economist and Senior Vice President. “But we should also remember that being treated with respect is something that people value for its own sake and that a government that fails to treat its citizens this way will lose its ability to lead.”

Doing Business data points to continued successes in the ease of doing business worldwide, as governments increasingly take up key business reforms. Starting a new business now takes an average of 21 days worldwide, compared with 46 days 10 years ago. Paying taxes in the Philippines involved 48 payments 10 years ago, compared to 28 now and in Rwanda, the time to register a property transfer has dropped from 370 days a decade ago to 12 days now.

This year’s Doing Business adds gender measures to three indicators – Starting a Business, Registering Property and Enforcing Contracts – finding disparities in 38 economies. Of these, 23 economies impose more steps for married women than men to start a business. Sixteen limit women’s ability to own, use and transfer property. Doing Business finds that, in these economies, fewer women work in the private sector both as employers and employees.
http://www.vanguardngr.com/2016/10/nigeria-ranks-169th-position-world-bank-ease-business/

Lalasticlala mynd44

Whatever that means! Very soon Nigeria would become A Nation that has lot of entrepreneurs. Cause the rate at which people dey set up their own establishment ehn!!

Anyways FtC

Life is good with LG ELECTRONICS

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

The Negative odds are High

Yet I wonder why Bubu travels abroad to attract investors. He prolly doesn't even know these stats but they do.

Nigeria we hail thee

You are harassed right from the airport by immigration officials . You are further harassed and robbed by the Taxi operator, government officials in every office, Police, Customs, DSS, Local Government touts and youth groups. Buhari should just address those issues instead of travelling to beg investors. OBJ visited every country, begging investors to come here. At the end only one tobacco company company followed him to Ibadan. Who would want to invest here.

So Bubu's junketting around the world yielded NOTHING

D only tin that can increase our chance is
security stability in the north and south south(no boko haram and militant) and an increase in electricity.

MidasTouche01:
So Bubu's junketting around the world yielded NOTHING

learn to keep shut when you have nothing intelligent 2 contribute

It shall come to pass.

With all the 'Ajala travel all over the world' na only 1 point, 1 point we get. Na wa oo

hahahahahahaha

lemme laff@bullhari

Annoying Information.

So all that junketting

Poor, very poor

Na wa oo. Bubu and failure. SMH

What are we ever good in?
Well using 279million to clear grasses

Noted

MidasTouche01:
So Bubu's junketting around the world yielded NOTHING

If he is not taken serious at home, how do you think they give a ratass about him abroad?

Even Aisha is tired of him

And they wonder why Nigeria is poor.

This are the things our elected officials should be focusing on. Instead they are chasing allocation around and flying up and down the globe. If you build it, they will come.

hardewalleh:
Na wa oo. Bubu and failure. SMH

u and stupidity. Na wao
how can an investor cum in drone in a country of bad electricity, security probs and failed finance sytem.

U need 2 stop commenting on nairaland

K

since GEJ started the mockery about running the largest economy in Africa most of the illiterates in Nigeria have thought that an achievement, anyway to say it in simple english Nigeria is not even in the list of the first 15 richest African countries, the richest African country is equatorial Guinea followed by the likes of Botswana, Seychelles, Gabon,etc. The GDP per capita of Eqt. Guinea is over $20,000 whereas Nigeria struggles with just about $2,500. With all the educated people in this country i am surprised that no one could get up to tell Nierians that been the 'largest economy in Africa' is a very stewpid stewpid way of rating yourself. Is like allowing people clap for u for having N1 million in your account even though you have 1000 children, when you have a neighbor with N500,000 but with only 2 kids, a foolish person will believe he is the richest person in that neighborhood. Hello Ngerians, we still remain a very very very poor country so pls wash your eyes and start looking for real achievements not fake ones

So wat has bubu's flying all ova d places yielded? baba yen o gbadun... i swear

Na so we poor reach ni

Where is the change?

At least, waking up to a good News this morning. It's gonna be a wonderful day!

You may be shocked, yet you need to know this Truth! Read this thread fully. https://www.nairaland.com/3425142/watch-newly-released-movie-atheist/10#50502763

“The world’s top 10 improvers, based on
reforms undertaken, are Brunei Darussalam;
Kazakhstan; Kenya; Belarus; Indonesia; Serbia;
Georgia; Pakistan; United Arab Emirates (UAE);
and Bahrain.

How I wish does in Aso rock will take a reform frm Kenya. If u can copy Obama speech while not copy it's ancestral home policies to help boast our reforms.
IMO I tink Kenya are beta off than us in so many ways... Over hyed 9ja.

I dn`t know if na for sky baba`s office dey ni

holatin:
learn to keep shut when you have nothing intelligent 2 contribute

Why don't u tell me what he achieved with his travels instead of insult

you have to make your economy investment friendly before you can attract Investors. If your child's position in class is 169 out of 190 what will you call that
Bubu, take note.... electricity and security, our major stumbling block, fix them 1st.