Nigeria’s Ranking on World Bank Ease of Doing Business Commendable

Corporate Affairs Commission (CAC) Logo

Stakeholders have continued to react to the country’s recent improvement in the World Bank’s ease of doing business report. The report had indicated that Nigeria moved up by 15 places from the 146th position to 131st position.

It further indicated that the country implemented reforms which impacted six indicators, including making the enforcement of contracts easier, which placed the 200-million-person economy among the world’s top improvers.

Owing to this development, the acting Registrar-General, Corporate Affairs Commission (CAC), Lady Azuka Azinge, expressed satisfaction with the progress. She attributed the feat to the faithful implementation of the ease of doing business reform initiatives by the Presidential Enabling Business Environment Council (PEBEC), under the able leadership of Vice President, Yemi Osibanjo and supported by Ministers of Industry, Trade & Investment, Finance, Interior and other stakeholders.

In a statement, Head, Public Affairs, CAC, Mr. Moses Adaguusu, Azinge said the commission was proud to be part of historic achievement and congratulate other sister agencies which had collaborated to ensure success.

Also Minister of Industry, Trade and Investment, Mr Richard Adebayo, said the ranking affirmed the PEBEC’s commitment to remove the bureaucratic constraints to doing business in the country. He also revealed that the PEBEC had been working towards fulfilling projections of the Recovery and Growth Plan (ERGP 2017-2020) to take 100 million Nigerians out of poverty.

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