World Bank’s Ease of Doing Business 2020: Nigeria Ranked Among Top 10 Improvers

Must Read

Mali Swears In Bah Ndaw As New Civilian Leader

Mali's new president Bah Ndaw has been sworn into office, five weeks after the overthrow of Ibrahim Boubacar Keïta. Former...

Troublesome South African Baboon Evicted For Organizing Gang To Raid Homes

Kataza is an urban baboon who was captured and put in a local prison for organizing a band of baboons to join him in raiding 15 homes in Kommetjie, on Cape Town's southern peninsula in South Africa.

A Leading University In China Now Teaches Ethiopia’s Amharic Language As A Full Course

A leading university in China — Beijing Foreign Studies University (BFSU) — has started to offer Ethiopia's widely spoken...



Nigeria has moved up 15 places to 131 in world bank ease of doing business ranking for 2020 and has been named one of the top 10 most improved economies in the world for the second time in three years.

World Bank’s Ease of Doing Business: Nigeria Ranked Among Top 10 Improvers

The Ease of Doing Business is an index published periodically by the World Bank.
It is an aggregate figure that includes different parameters. These parameters indicate how easy or difficult it is to conduct business in a country.

The Ease of Doing Business index compares business regulations in 190 countries across the world.

In the latest index from the World Bank, Nigeria is ranked 131 globally, moving up 15 places from its last ranking.

With this year’s leap, Nigeria has improved an aggregate of 39 places in the World Bank Doing Business index since 2016.

In Doing Business 2020, Nigeria (10) also made it into the list of top 10 economies that improved the most on the ease of doing business after implementing regulatory reforms, other countries on the Improvers list are Saudi Arabia (1), Jordan (2), Togo (3), Bahrain (4), Tajikistan (5), Pakistan (6), Kuwait (7), China (8), India (9).

The economies listed above implemented a total of 59 regulatory reforms in 2018/19—
accounting for one-fifth of all the reforms recorded worldwide. Their efforts focused primarily on the areas of starting a business, dealing with construc￾tion permits, and trading across borders.

According to the report: “Nigeria conducted reforms impacting six indicators, including Trading across borders, Registering property, Getting electricity, Dealing with construction permits, Starting a business and making the enforcement of contracts easier, which placed the 200-million-person economy among the world’s top improvers.

Related:   Gadawan Kura: The Hyena Handlers of Nigeria In Pictures

Also In this year’s report, Only two Sub-Saharan African economies (Mauritius and Rwanda) rank in the top 50 on the ease of doing business rankings while most of the bottom 20 economies in the global rankings are from the region.

“Compared to other parts of the world, When it comes to trading across borders and paying taxes, in Sub-Saharan Africa businesses spend about 96 hours to comply with documentary requirements to import, versus 3.4 hours in OECD high-income economies, and small and medium-sized businesses in their second year of operation need to pay taxes more than 36 times a year, compared to an average of 23 times globally,” the World Bank wrote.

Ease of doing business in Africa 2020: Top 10 Countries to do business in Africa in 2020

These are the Top 10 Countries to do business in Africa in 2020

Related:   Siddi: The Forgotten African Tribe in India
Rank Country DB Score
1 Mauritius 81.5
2 Rwanda 76.5
3 Morocco 73.2
4 Kenya 73.2
5 Tunisia 68.7
6 South Africa 67.0
7 Zambia 66.9
8 Botswana 66.9
9 Togo 62.3
10 Seychelles 61.7



Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Leave a Reply

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

Mali Swears In Bah Ndaw As New Civilian Leader

Mali's new president Bah Ndaw has been sworn into office, five weeks after the overthrow of Ibrahim Boubacar Keïta. Former...

Troublesome South African Baboon Evicted For Organizing Gang To Raid Homes

Kataza is an urban baboon who was captured and put in a local prison for organizing a band of baboons to join him in raiding 15 homes in Kommetjie, on Cape Town's southern peninsula in South Africa.

A Leading University In China Now Teaches Ethiopia’s Amharic Language As A Full Course

A leading university in China — Beijing Foreign Studies University (BFSU) — has started to offer Ethiopia's widely spoken Amharic language as a full...

TIME 100: Tony Elumelu, Three Other Nigerians Makes Time’s list of 100 Most Influential People Of 2020

Tony Elumelu, is among four Nigerians named by the Time Magazine International in their 2020 list of 100 most influential people in the world...

Zambia’s Namwali Serpell Wins UK’s Top Prize For Science Fiction

Zambia's Namwali Serpell has won the UK’s top prize for science fiction, the Arthur C Clarke award, for her first novel "The Old Drift". The...

More Articles Like This