In the 2020 Ease of Doing Business index developed by the World Bank, Nigeria’s rank jumps from 146 to 131, globally, moving up 15 places and 21st in the Sub-Saharan Africa.
The global ranking represents its second-highest annual progress of 11.45% in a decade. The highest annual growth remains at 14.2%. The World Bank also recognised Nigeria as the ten most improved economies for the second time. Nigeria improved significantly in “starting a business, dealing with construction permits, getting electricity, registering property, trading across borders and enforcing contracts” indices.
Download our guide to doing business in Nigeria, which covers:
- Country overview
- Business vehicles/structures for doing business
- Business rights and regulatory environment
- Corporate governance
- Banking and finance
- Investment regulation
- Dispute resolution
- Exiting an investment