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Nigeria ranks 146 on World Bank’s Ease of Doing Business index

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The Nigerian Investment Promotion Commission has said that Nigeria ranks 146 out of 190 countries on the Ease of Doing Business globally.

The Executive Secretary of the Commission, Ms Yewande Smith, said this while delivering a lecture at the ongoing 43rd Annual Conference and Dinner of The Institute of Chartered Secretaries and Administrators of Nigeria, on Thursday in Lagos.reports that the Conference was tagged, “Ease of Doing Business in Nigeria: The Role of Regulatory Agencies.’’

According to the report, which was presented at the lecture, Nigeria’s Ease of Doing Business score improved by 1.37 points from 51.52 distance to frontier in 2018 to 52.89 in 2019. “The Proactive Investment Promotion strategies include focusing on key strategic partners and countries, identifying high impact sectors, better balance investors’ rights with obligations, improving investor experience and using feedback to develop the business environment.’’

“We encourage states to develop investment promotion agencies so that they will be specifically charged with the responsibility of promoting the states,’’ she said.

 

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