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Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Weborg: 1:42pm On Oct 31, 2017 |
@VIVIANGIST Nigeria has moved up 24 places to 145th in the World Bank’s ‘Doing Business’ report published today, and for the first time the country is recognized as one of the top 10 most improved economies in the world. This was made known in a statement issued by the Vice President's office on Tuesday in Abuja. The World Bank Doing Business project provides objective measures of business regulations and their enforcement across 190 economies worldwide. Reacting to the development, Vice President Yemi Osinbajo, SAN, said “I welcome Nigeria’s improved performance. We are one of the top ten reforming economies in the world in 2017. After a decade-long decline in Nigeria’s rankings, last year the Government recorded a modest increase. This year, Mr President set us an ambitious target of moving up twenty places in the rankings – I am delighted that we have exceeded his goal. “Improving the business environment is at the heart of the Buhari Administration’s reform agenda. We are reinforcing our economic turnaround by a vigorous and active implementation of the Economic Recovery and Growth Plan (ERGP) so businesses operating in Nigeria can thrive and be competitive globally. “For the first time, coordinated efforts across various levels of governments have been undertaken to make it easier to do business in Nigeria. I commend all stakeholders who worked with us to achieve this significant result, particularly the National Assembly, Lagos and Kano State Governments, and the private sector.” The World Bank highlighted five reforms making it easier to do business in Kano and Lagos, the two cities covered by the report in Nigeria over the course of last year: 1. Starting a Business, 2. Dealing with Construction Permits 3. Registering Property 4. Getting Credit, and 5. Paying Taxes. In the area of company registration, the Corporate Affairs Commission has moved to offer online registration and introduced new features such as electronic stamping of registration documents. Thus, entrepreneurs have been able to register their businesses much faster, within 24-48 hours, thereby saving cost and time Getting construction permits and registering property in both Lagos and Kano States have become more transparent and easier for businesses with the online publication of all relevant regulations, fee schedules and pre-application requirements online. Getting access to credit is now easier and Nigeria is placed 6th in the world on this indicator. The Government recorded a significant success by collaborating with the National Assembly to pass two new Acts, the Secured Transactions in Movable Assets Act 2017 and the Credit Reporting Act 2017, thereby strengthening the legal framework for access to credit for SMEs across the country – an important requirement for the success of SMEs. Finally, it has become easier to pay taxes in Nigeria because taxpayers can file tax returns at the nearest Federal Inland Revenue Service (FIRS) office, and electronic payment and filing are gradually gaining acceptance. Via ; http://www.viviangist.ng/nigeria-has-moved-up-24-places-to-145th-in-the-worldbank-doing-business-buhari/ Cc; lalasticlala 9 Likes 2 Shares
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Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Eggcelent(m): 1:45pm On Oct 31, 2017 |
Hope Nigerians Will Feel The Impact Soon. Kudos 25 Likes 2 Shares |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Yeligray(m): 1:48pm On Oct 31, 2017 |
Eggcelent:feel what?. 11 Likes |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by KardinalZik(m): 1:56pm On Oct 31, 2017 |
Scam Ranking. Nigeria isn't among the first 30 MOST IMPROVED ECONOMIES; at best, it can only be among the IMPROVING. STOP MISLEADING AND MISINFORMING POTENTIAL HELPERS. 38 Likes 2 Shares |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Ladyjumong(f): 1:58pm On Oct 31, 2017 |
Naso tory |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Tbillz(m): 1:58pm On Oct 31, 2017 |
Imaginary growth!!! 11 Likes |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by scholarsarena: 1:59pm On Oct 31, 2017 |
All improvements under Apc are always on paper. When will Nigerians feel these improvements? 20 Likes 2 Shares |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by BrutalJab: 1:59pm On Oct 31, 2017 |
145th position chai! Bullhari e no go better for you o 11 Likes 1 Share |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by dolphinife: 1:59pm On Oct 31, 2017 |
KardinalZik: Improved or improving.....is it your improve? 9 Likes 2 Shares |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Clerverly: 1:59pm On Oct 31, 2017 |
After 2023, PMB Should make sure he hands over to competent southerner! 14 Likes 2 Shares |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by emeijeh(m): 1:59pm On Oct 31, 2017 |
11 Likes
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Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Nobody: 1:59pm On Oct 31, 2017 |
All these fake statistics is nothing until the common man on the streets starts living a better life. Check my signature 5 Likes 1 Share |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Nbote(m): 2:00pm On Oct 31, 2017 |
Is it d same Nigeria investors are running away from.. Our policies are downside up and dragging us down and backwards 4 Likes |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Mcanie: 2:00pm On Oct 31, 2017 |
How does this help the poor man in the street and the ones on nairaland |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Nobody: 2:02pm On Oct 31, 2017 |
Eggcelent:If I hear say we feel... recession dom maim our feelings tay tay |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by dejjythomas(m): 2:04pm On Oct 31, 2017 |
Goodnews of the millennium. Kudos!!! 2 Likes 1 Share |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by GavelSlam: 2:04pm On Oct 31, 2017 |
Yet another victory for Buhari. All the indices are positive. Yet some have anger in their system. Some would rather he fails but God pass them. 27 Likes 2 Shares |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Mubarak55(m): 2:04pm On Oct 31, 2017 |
Dis is a welcome development oh, to be frank 4 Likes 2 Shares |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by BestySam(m): 2:05pm On Oct 31, 2017 |
145th is not worth celebrating. How many nations do we have? That's like coming 15th out of 20 in class. 5 Likes 1 Share |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by GavelSlam: 2:05pm On Oct 31, 2017 |
Clerverly: I'm thinking Fashola or maybe Donald Duke. We may yet discover another young man or woman with sterling qualities. 5 Likes 1 Share |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by AishaBuhari: 2:06pm On Oct 31, 2017 |
KardinalZik:Thank you Sir 6 Likes
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Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by sanpipita(m): 2:07pm On Oct 31, 2017 |
Haha these scams are at again, many businesses shutting down and they are celebrating a ranking that hardly changes anything, from 169 to 145 yet no impact |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by saraki2019(m): 2:08pm On Oct 31, 2017 |
learn how to earn dollars , see my signature for more 5 Likes 1 Share
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Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by Bede2u(m): 2:09pm On Oct 31, 2017 |
Clerverly:from south west right? 2 Likes |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by sanpipita(m): 2:09pm On Oct 31, 2017 |
GavelSlam: Buhari has already failed and note this isn't first Time he is failing 2 Likes 1 Share |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by sanpipita(m): 2:10pm On Oct 31, 2017 |
GavelSlam:Buhari has already failed and note this isn't first time he is failing 1 Like |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by BornAgainMay: 2:10pm On Oct 31, 2017 |
Uhmm. Improving Country since 1960, Just look at China, as of 1960s we were in d economic phase with China who is now competing with USA as world power. We have large population n natural resources like China but our only achievement is making one person richer than China as a country. Nigeria, Will never improve stop misleading the already misleaded n deluded failure supporters 3 Likes |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by GavelSlam: 2:10pm On Oct 31, 2017 |
sanpipita: Another pained one. Take heart till 2023. 13 Likes 2 Shares |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by vedaxcool(m): 2:11pm On Oct 31, 2017 |
pigs and idiots will never know peace 4 Likes |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by sanpipita(m): 2:12pm On Oct 31, 2017 |
GavelSlam: Haha what is there to be pain about, continue hoping against hope, Nigeria is gone under buhari. 3 Likes |
Re: Nigeria Joins Top 10 Most Improved Economies In New World Bank Rankings by GavelSlam: 2:13pm On Oct 31, 2017 |
sanpipita: No, it is your own destiny that may be gone. Nigeria would prosper under Buhari and it is beginning to do so. 9 Likes |
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