The World Bank has ranked Nigeria 169 out of 189
countries in its latest report on the ease of doing
business globally. This is contained in a statement
made available to newsmen by the Head of
Communications, World Bank Nigeria, Mr Obadiah
Tohomdet, on Tuesday in Abuja.
According to the
statement, the report takes into consideration the
ease of obtaining construction permits, getting
electricity, enforcing contracts, registering
property and trading across borders among other
parameters.
The report showed that Nigeria had improved in
the ranking from 170 in 2014 to 169 in its 2015
report. It further showed that the Sub-Saharan
African economies were among the world’s top
improvers of business climate. “The region,
however, ranks poorly in the areas of trading
across borders and registering
properties. “Mauritius ranks best in the region,
with a global ranking of 32, performing
particularly well in the areas of paying taxes and
enforcing contracts.
“In Mauritius, it takes only 152 hours for
entrepreneurs to pay taxes, compared to 261
hours globally. “Rwanda has the next best ranking
in the region, with a global ranking of 62. Ten
years ago, an entrepreneur in Rwanda took 370
days to transfer property. Now, it takes 32 days
which is less than in Germany, ” it stated.Also,
Botswana ranked 72; South Africa 73; Seychelles
95; Kenya 108, and Uganda 122 this year.
According to the report, the Sub-Saharan African
region stands out in implementing reforms under
the Getting Credit indicator. It stated that this was
a welcome development for small businesses in
the region. “Despite great improvements,
governments in Sub-Saharan Africa will need to
continue working on closing the gap in many key
areas that impact the ease of doing business,
especially increasing access to reliable electricity.
“The region’s economies have room for
improvement in the reliability of supply and
transparency index of the getting electricity
indicator and the quality of land administration
index of the registering property indicator.”
countries in its latest report on the ease of doing
business globally. This is contained in a statement
made available to newsmen by the Head of
Communications, World Bank Nigeria, Mr Obadiah
Tohomdet, on Tuesday in Abuja.
According to the
statement, the report takes into consideration the
ease of obtaining construction permits, getting
electricity, enforcing contracts, registering
property and trading across borders among other
parameters.
The report showed that Nigeria had improved in
the ranking from 170 in 2014 to 169 in its 2015
report. It further showed that the Sub-Saharan
African economies were among the world’s top
improvers of business climate. “The region,
however, ranks poorly in the areas of trading
across borders and registering
properties. “Mauritius ranks best in the region,
with a global ranking of 32, performing
particularly well in the areas of paying taxes and
enforcing contracts.
“In Mauritius, it takes only 152 hours for
entrepreneurs to pay taxes, compared to 261
hours globally. “Rwanda has the next best ranking
in the region, with a global ranking of 62. Ten
years ago, an entrepreneur in Rwanda took 370
days to transfer property. Now, it takes 32 days
which is less than in Germany, ” it stated.Also,
Botswana ranked 72; South Africa 73; Seychelles
95; Kenya 108, and Uganda 122 this year.
According to the report, the Sub-Saharan African
region stands out in implementing reforms under
the Getting Credit indicator. It stated that this was
a welcome development for small businesses in
the region. “Despite great improvements,
governments in Sub-Saharan Africa will need to
continue working on closing the gap in many key
areas that impact the ease of doing business,
especially increasing access to reliable electricity.
“The region’s economies have room for
improvement in the reliability of supply and
transparency index of the getting electricity
indicator and the quality of land administration
index of the registering property indicator.”
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