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President Muhammadu Buhari-led federal government says the World Bank’s Doing Business R2017 Report, released on Tuesday is an indication that the government’s reform initiatives are yielding positive results.
The presidency says: “The Buhari administration is gratified that the various reform initiatives put in place towards instituting a positive business environment is slowly but gradually yielding some dividends.
“Nigeria’s ranking in the World Bank’s Ease of Doing Business remains static, halting a falling trend in the past several years,’’ the Vice Presidential spokesman, Mr Laolu Akande, said, via a release issued on Thursday in Abuja.
Akande recalled that the latest report had ranked Nigeria 169 out of 189 countries in the overall Ease of Doing Business rank.
He described the ranking as “a positive indication that the focus and tenacity of President Muhammadu Buhari to reposition the nation’s business and economic environment is working and on course.
“While Nigeria’s position remains the same as at last year on the index ranking, it is encouraging that Nigeria has recorded some positive outlooks in four critical areas of the ranking.’’
Akande listed the areas as:
Starting a Business;
Dealing with Construction Permits;
Registering Property and
Access to Credit.
He noted that the objectivity and reliability of the report coming from an international development institution, lent weight to the milestone recorded in particular on the distance to frontier (DTF) metric.
http://www.doingbusiness.org/data/ExploreEconomies/nigeria
READ more on World Bank Report: Ease of Doing Business in Nigeria
The presidency says: “The Buhari administration is gratified that the various reform initiatives put in place towards instituting a positive business environment is slowly but gradually yielding some dividends.
“Nigeria’s ranking in the World Bank’s Ease of Doing Business remains static, halting a falling trend in the past several years,’’ the Vice Presidential spokesman, Mr Laolu Akande, said, via a release issued on Thursday in Abuja.
Akande recalled that the latest report had ranked Nigeria 169 out of 189 countries in the overall Ease of Doing Business rank.
He described the ranking as “a positive indication that the focus and tenacity of President Muhammadu Buhari to reposition the nation’s business and economic environment is working and on course.
“While Nigeria’s position remains the same as at last year on the index ranking, it is encouraging that Nigeria has recorded some positive outlooks in four critical areas of the ranking.’’
Akande listed the areas as:
Starting a Business;
Dealing with Construction Permits;
Registering Property and
Access to Credit.
He noted that the objectivity and reliability of the report coming from an international development institution, lent weight to the milestone recorded in particular on the distance to frontier (DTF) metric.
http://www.doingbusiness.org/data/ExploreEconomies/nigeria
READ more on World Bank Report: Ease of Doing Business in Nigeria