• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Nigeria Remains One Of The Worst Places In The World To Do Business – World Bank

Editor by Editor
November 2, 2015
in Politics
Nigeria Remains One Of The Worst Places In The World To Do Business – World Bank
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

Access Bank acquires 76% stake in AfrAsia Bank to deepen international footprint 

Access Bank acquires 76% stake in AfrAsia Bank to deepen international footprint 

July 25, 2025
Access Bank

Access Bank acquires Standard Chartered Tanzania operations amid CBN’s regulatory forbearance restrictions on foreign deals 

June 24, 2025

Nigeria, Africa’s largest economy, has long been touted as one of the continent’s most promising business hubs.
In the first quarter of 2015, foreign direct investment inflow surpassed $700 million and even though investor confidence is shaky given the uncertainty during and since the 2015 elections, things are expected to pick up once a clear economic direction is put in place by President Buhari.
But despite offering so many opportunities, Nigeria remains one of the worst countries to do business, as data from the World Bank Doing Business report shows. The report ranks Nigeria 169 out of the 189 in consideration—essentially unmoved from last year’s 170 rank. Nigeria ranked 39th among the listed African countries.
The report measures the ease of doing business along various parameters such as paying taxes, ease of obtaining construction permits, getting electricity, enforcing contracts, registering property, trading across borders and getting credit.

While Nigeria has strengthened minority investor protection, where it ranks 20 out of the 189 countries, it still has numerous problems to contend with. Starting a business is a cumbersome process with inefficient business registration processes and new businesses are often tied up in layers of government bureaucracy with many resorting to third party agents to help facilitate the process of registering a business. Accessing credit and getting electricity also remain low-scoring parameters in the World Bank report and it does not much better in Africa’s other top economies.
Ranking of Africa’s top ten economies for ease of doing business
Country                                                                               Global ranking
Nigeria                                                                                            169
South Africa                                                                                    73
Egypt                                                                                                131
Algeria                                                                                             163
Angola                                                                                              181
Morocco                                                                                            75
Libya                                                                                                188
Sudan                                                                                               159
Kenya                                                                                               108
Ethiopia                                                                                           146
Data: World Bank
Overall, Mauritius, which is often promoted as a tax haven, is the highest ranked African nation (32) with good ratings on enforcing contracts and paying taxes.
Highest ranked African countries for ease of doing business
Country                                                                                                 Global ranking
Mauritius                                                                                                        32
Rwanda                                                                                                           62
Botswana                                                                                                        72
South Africa                                                                                                   73
Tunisia                                                                                                            74
Morocco                                                                                                         75
Seychelles                                                                                                      95
Zambia                                                                                                           97
Namibia                                                                                                        101
Swaziland                                                                                                    105
Data: World Bank

Tags: Access Bank Plc NewsNews Review
Editor

Editor

Related Posts

Access Bank acquires 76% stake in AfrAsia Bank to deepen international footprint 
Companies

Access Bank acquires 76% stake in AfrAsia Bank to deepen international footprint 

July 25, 2025
Access Bank
Company News

Access Bank acquires Standard Chartered Tanzania operations amid CBN’s regulatory forbearance restrictions on foreign deals 

June 24, 2025
Access Bank
Financial Services

Inside Access Bank’s N180 billion claims against MTN 

June 13, 2025
Access Bank completes acquisition of National Bank of Kenya to deepen presence in East Africa 
Corporate deals

Access Bank completes acquisition of National Bank of Kenya to deepen presence in East Africa 

June 2, 2025
Access Bank reaffirms commitment to diaspora financial inclusion, commends launch of NRBVN Platform
Companies

Access Bank reaffirms commitment to diaspora financial inclusion, commends launch of NRBVN Platform

May 27, 2025
EFCC, NOUN, Sunflower Hotel
Financial Services

Alleged N5.7 billion fraud: EFCC witness reveals how ex-Bank employee accessed customers’ accounts 

May 16, 2025
Next Post
[Corporate Action] UACN Posts 79% Drop In PAT to N962 million In Q3’2015

[Corporate Action] UACN Posts 79% Drop In PAT to N962 million In Q3'2015

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
nairametrics
Emple
Palmpay
first bank








DUNS

Recent News

  • Emzor Pharmaceutical Industries Ltd successfully repays debut Series 1 Commercial Paper; bolsters commitment to local manufacturing and health security 
  • Transforming borderless banking across Africa through innovation 
  • Top 10 African cities with the best healthcare systems in 2025 

Follow us on social media:

Recent News

Emzor Pharmaceutical Industries Ltd successfully repays debut Series 1 Commercial Paper; bolsters commitment to local manufacturing and health security 

Emzor Pharmaceutical Industries Ltd successfully repays debut Series 1 Commercial Paper; bolsters commitment to local manufacturing and health security 

August 21, 2025
Transforming borderless banking across Africa through innovation 

Transforming borderless banking across Africa through innovation 

August 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics