NLNG Corporate Teamwork banner First bank FinTech summit Fidelity bank card banner Emerald Energy Institute Camano banner

Nigeria listed among ‘Top-20 improvers in Doing Business for the year 2020’

By News Express on 28/09/2019

Gmail icon

Views: 382


An annual report published by the World Bank has listed Africa’s largest economy country, Nigeria, among the 20 top improvers in doing business.

The recent World Bank projection is for the year 2020.

Only five African countries – Nigeria, Togo, Zimbabwe, Djibouti and Kenya – made list.

The report is an annual publication that measures business regulations across 190 countries.

Nigeria made a giant leap of more than 100 positions as it was ranked 146 in 2018 report.

According to the report the jump can be attributed to major improvement in significant parameters such as starting a business, dealing with construction permits, resolving insolvency, getting electricity, credit, among others.

The World Bank said Nigeria made improvements by operationalising a new electronic platform that integrates the tax authority and the Corporate Affairs Commission (CAC).

“The CAC also upgraded its name reservation platform and, in Kano, there is now an electronic platform for registering business premises online, eliminating the need to appear in person,” the report by the World Bank stated.

“The CAC also upgraded its name reservation platform and, in Kano, there is now an electronic platform for registering business premises online, eliminating the need to appear in person,” it added.

The full report on the top 20 reformers globally in Ease of Doing Business rankings will be released on October 24th.

The World Bank report also stated that Nigeria made getting electricity easier by allowing certified engineers to conduct inspections for new connections. 

Initiatives also made commercial litigation of smaller cases more efficient.

“The Chief Judges in Lagos and Kano issued practice directions for small claims courts introducing pre-trial conferences and limit adjournments.”

The report also said the “customs integrated more agencies into its electronic data interchange system, and port authorities launched an e-payment system, speeding up both exports and imports.” (The Guardian)

 

Source News Express

Posted 28/09/2019 05:16:41 AM

 

 

CLASSIFIED ADS

 

You may also like...
Nigeria’s Tobi Kaye warms up UK music scene...

Troubled ‘R Kelly may commit suicide’ •Crisis manager...

One thing Don Jazzy cannot do without

How Naira Marley missed erecting an empire from...

Who’ll save this dying Nollywood star?

Omotola's daughter graduates

TOP 10 Nigerian songs

I still dey inside Val matter with Bose...

Olamide vs Zlatan: Fans at war

Chico Ejiro brings back memories of night bus...

Controversy as BBNaija’s Tacha snubs Tuface

Duncan Mighty checks out?

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Maggie's Blog
Latest Gist How comedian AY nearly lost his wife to death at a Lagos hospital I was scared of sharing my newly married husband with those housemates on BBNaija — Mike’s wife reveals SPECIAL FEATURE: What really sells in the Nigerian music market? Crocodile cry Regina Daniel’s real age exposed Zainab Balogun reveals her only heart desire Nigeria’s TOP 10 Songs Cold Room school? Over my dead body! BBNaija: The secret behind Mercy’s win Yemi Alade goes for Grammy SPECIAL FEATURE: Who stands a better chance at bagging the ‘Headies Next Rated’ award? Tacha no gree pay my money for drop

 


Most Read Nigerian stars who cannot do without smoking (85,750 views) Husband dashes Mercy Johnson’s hopes, turns her to sales girl ahead of birthday (31,527 views) Veteran actor Kanayo O. Kanayo’s shocking discovery at Imo Government House (24,244 views) Anita Joseph breaks born again rule (22,106 views) See what Cossy Orjiakor wore to meet Sanwo-Olu (17,147 views) Popular female gospel artiste whose love for cigarettes and spirits is unequalled (17,079 views) Wife slaps Governor Obiano over mistress? (16,986 views) Nigerian music stars who may never shine again (14,856 views) Cossy Orjiakor on wheelchair after attack by ‘evil’ pussycat (11,633 views) Expensive joke that may put Basketmouth in trouble (11,207 views) Cossy Orjiakor applies her magic wand again (10,977 views) Nigeria’s TOP 10 SONGS this week (10,800 views)

 

Africa Media Agency and Al Jazeera