Agric-business: World Bank ranks Nigeria 7th in Africa

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By Yinka Kolawole

 

Nigeria and new economic status in Africa

Nigeria has been ranked seventh in the latest World Bank’s evaluation of countries’ performance in agriculture and farming across Africa, behind South Africa, Kenya and Ghana, among others.

This was revealed in World Bank’s ‘The Enabling the Business of Agriculture (EBA)’ report December 2019.

The report captures steps taken by different governments to help farmers and enhance agriculture and food security. It measures law and regulations that impact the business environment for a sustaining and thriving agricultural development.

The measurement is global with France leading. In Africa, South Africa leads, followed by Kenya and Morocco in the second and third position respectively. Other African countries with higher ranking than Nigeria are Zambia, Mozambique and Ghana.

Nigeria recorded an aggregate score of 49.17, lower than the scores of South Africa and Kenya with respective scores of 68.73 and 64.80. The World Bank used eight indicators to…



Source: Vanguard Newspaper