Tuesday, August 30, 2016

[Free Download]: World Bank Doing Business 2016 Ranking Report - Nigeria Ranked 169 out of 189 countries

Economies are ranked on their ease of doing business, from 1–189. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to June 2015. - Doing Business (World Bank Group)

President Buhari
President Buhari
Meanwhile President Muhammadu Buhari on Sunday in Nairobi, Kenya, assured that Nigeria would be one of the most attractive and easiest places of doing business in the world by 2019.

The President, in a statement issued in Abuja, was speaking at a plenary session on “Dialogue with the Private Sector” at the sixth Tokyo International Conference for African Development (TICAD VI) in Nairobi.

According to him, his administration is implementing policies and measures to create right and enabling environment for business and investors in Nigeria.

Nigeria is currently ranked 169 out of 189 countries by the World Bank, according to the Bank’s 2016 Ease of Doing Business report.

The president maintained that his administration was committed to moving up Nigeria’s ranking of the World Bank’s ease of doing business index 20 places in first year and be in the top 100 within the next three years.

Click here to download the full report (PDF-15MB) - contains explanation of how the ease of doing business rankings and the distance to frontier measure are calculated.


Post a Comment