Nigeria has made some progress on the World Bank’s ‘Ease of Doing Business’ ranking for 2020. The Ease of Doing Business is an index published annually by the World Bank. It is an aggregate figure that includes different parameters. These parameters indicate how easy or difficult it is to conduct business in a country.
The Ease of Doing Business compares business regulations in 190 countries across the world. In the latest index from the World Bank, Nigeria is ranked 131 globally, moving up 15 places from its last ranking.
Enforcement of contracts entered was a key factor in Nigeria’s ascent on the table. Wide ranging reforms by the federal government was also cited as a significant factor.
News Archive from before July 2018