Nigeria has dropped a spot on the latest World Bank Ease of Doing Business ranking.
The bank released the report themed ‘Doing Business 2019: A Year of Record Reforms, Rising’ on Wednesday.
In the 2017 edition of the report, Nigeria moved 24 places from its 2016 spot of 169 to 145.
In the 2018 edition, Nigeria ranked 146. Mali took Nigeria’s 2017 spot.
The World Bank said it tracked 314 reforms by 128 governments across the world.
“Governments have the enormous task of fostering an environment where entrepreneurs and small and medium enterprises can thrive,” said Jim Yong Kim, World Bank Group president.
“Sound and efficient business regulations are critical for entrepreneurship and a thriving private sector. Without them, we have no chance to end extreme poverty and boost shared prosperity around the world.”
According to the report, a total of 107 reforms were carried out in…
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