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NIGERIA MOVES UP 24 PLACES IN THE WORLD BANK’S ‘DOING BUSINESS’ RANKINGS

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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. The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies worldwide.

The Vice President, Yemi Osinbajo, 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 implementing the Economic Recovery and Growth Plan (ERGP) so businesses operating in Nigeria can thrive and be competitive globally.

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