World Bank suggests methods to improve Nigeria’s business environment   

23 October 2018 : The World Bank released a report on Doing Business in Nigeria which measures the progress of the 36 states and FCT in four key business regulatory areas and the bank found that no single Nigerian state dominates the indicator rankings across all benchmarked areas. The findings state that 29 Nigerian states implemented 43 reforms across starting a business, construction permits, registering property and enforcing contracts, with Kaduna, Enugu, Abia, Lagos and Anambra showing the largest advances toward the global good practice frontier. Most reforms were driven by the federal government in the areas of starting a business, part of the “ease of doing business’ objective of the current administration. It is the view of the World Bank that state governments must take a more proactive approach in implementing federal reform initiatives but must also create and implement reforms in areas under state control, as this will be the key to improving Nigeria’s business environment. 

Reporting for EasyKobo on Tuesday ,23 October 2018 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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