Thursday, 27 October 2016

Nigeria's 169th position out of 189 countries in 2017 business ranking excites presidency.

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The Presidency yesterday lauded the 2017 World Bank reports on business which ranked Nigeria 169 out of 189 countries in the overall Ease of Doing Business. By the rating, Nigeria retained its position last year. 

Noting the development, the Presidency which was obviously excited about the development, stated that the score was an indication that measures put in place by the present government to bring about a healthy business climate were yielding positive results. A statement from the office of the Vice President Yemi Osinbajo stated that the government was still committed to scaling up its reform activities to continue to arrest the past decline where the country fell from No. 94 in 2006 to 169 in 2016. The statement read: 
“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 as Nigeria’s ranking in the World Bank’s Ease of Doing Business remains static, halting a falling trend in the past several years. 

“The latest World Bank’s Doing Business 2017 ranking report released on Tuesday, October 25, 2016, which ranked Nigeria 169 out of 189 countries in the overall Ease of Doing Business rank is 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 country’s position remains the same as last year on the index ranking, it is encouraging that Nigeria has recorded some positive outlooks in four critical areas of the ranking-namely: Starting a Business, Dealing with Construction Permits, Registering Property and Access to Credit. 

Read more Vanguard

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