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Business Ease of Doing Business: Nigeria Ranks 170 out of 189 Countries



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Nigeria has been ranked 170 out of 189 countries by the World Bank in terms of ease of doing business across the world, The Punch says.

In a report released on Wednesday, The World Bank named Singapore as the best country in the world to do business while Mauritius was the best in Africa, ranking 28.

Nigeria’s ranking for 2015 is slightly better than the ranking for 2014 which placed the country 175 out of 189 that were surveyed.

The annual World Bank Group Doing Business report analysis regulations that apply to an economy’s businesses during their life cycle, including start-up and operations, trading across borders, paying taxes, and resolving insolvency.

The aggregate ease of doing business rankings are based on the distance to frontier scores for 10 topics and cover 189 economies.

The bank, however, warned that the Doing Business report does not measure all aspects of the business environment that matter to firms and investors.

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