[ad_1]
By Obinna Chima
The World Bank's "Doing Business" report released in 2019 by Nigeria dropped to 146th position, lower than the country's 145th position last year.
The World Bank said it had followed 314 reforms from 128 governments around the world.
"Nigeria has implemented four reforms, including the facilitation of the creation of a company in Kano and Lagos, the two cities covered by Doing Business.Electricity and cross-border trade have also undergone reforms. in both cities.
"In addition, Lagos facilitated the execution of contracts by establishing new rules of civil procedure for small claims courts, while Kano, in a negative move, made the registration of property less transparent by no longer publishing online the fee schedule and the list of Washington-based institutions said in the report released yesterday.
The report says the economies of sub-Saharan Africa set a new record for the third year in a row, implementing 107 reforms last year to improve the ease of doing business for domestic small and medium-sized businesses.
He noted that the latest reforms represented a significant increase over the 83 reforms implemented in the region the previous year. In addition, this year saw the highest number of economies implementing reforms, with 40 out of 48 economies in the region having implemented at least one reform, compared to the previous record of 37 economies. two years ago.
"Four of the region's economies have won coveted places among the best-performing countries this year, Togo, Kenya, Ivory Coast and Rwanda, and Mauritius has regained a place in the leading economy. world, in 20th place.
"Five reforms have been carried out in Mauritius over the past year, including the elimination of a single gender-based hurdle." In the field of start-up, Mauritius has harmonized the process of registering businesses for men and women and consolidated the registration process for all.The protection of minority investors has been strengthened by clarifying the structures of ownership and control and by introducing a greater corporate transparency, as well as reforms in the areas of property registration, cross – border trade and tax payment.
"Rwanda made the most reforms in the region last year, with seven, and climbed to the 29th rank in the world.The latest improvements in Rwanda, which have brought the greatest number of of reforms since the creation of Doing Business 16 years ago – included creating a cheaper business by replacing electronic billing machines with free software for value-added invoices ", the report adds.
[ad_2]Source link
