Nigeria Leaps 25 Spots On Ease of Doing Business Index

A big win came for the Buhari administration when the World Bank released its latest Ease of Doing Business list on Tuesday. With a 24 spot rise, Nigeria was one of the top 10 economies showing the most notable improvements.

Jumping into the 145th position saw Nigeria rise 4 spots above the target made by the Buhari government to be achieved by 2019. Some of the factors which have led to the jump include the implementation of new systems to make visas easier to procure, the introduction of the electronic approval of registration documents, improving the access to credit information and introducing a centralized electronic system to pay federal taxes.

The annual World Bank report covered the period from June 2 last year to June 1 this year and saw sub-saharan countries like Malawi and Zambia make it to the list of 10 top improving nations.

President Buhari has commended the efforts of the Presidential Enabling Business Environment Council led by Vice President Yemi Osinbajo.

Two years ahead of time, Nigeria has already risen above its projections, did the PMB government estimate too low or have they done some stellar work they couldn’t anticipate?