World Bank: Doing Business
Doing Business Report is an annual report by the International Financial Corporation (IFC) of World Bank group (WB) that examines regulations affecting domestic firms in 189 economies. The report details an analysis of cost, requirements and procedures in 11 areas of business regulations that affect a specific type of private firm such as Starting a business, Getting electricity, and Trading across borders.
Today the World Bank released the 2015 Doing Business report. Nigeria moved up five positions in the report, ranking 170 out of 189 countries (compared to 175 in 2014). The improvements, however marginal, represent a move in the right direction and will form the foundation for future improvements. Nigeria’s upward movement (+5) compared favourably to the BRICS (Brazil, Russia, India and China) (Zero), other MINT (Mexico, Indonesia, Nigeria, Turkey) (+2) nations and Sub Saharan Africa (+2).