What does this suggest about the prospects for privatization?If Nigeria is seeking outside investment, this report won't help.
Nigeria one of world’s worst places to do business — World Bank
Out of 189 countries surveyed, Nigeria moved from 170th position… to 169…
While Nigeria’s ranking for starting business dropped eight places from 131st position in 2015 to 139th; dealing with construction permits remained unchanged at 175th spot as last year.
Getting electricity became more difficult in 2016, as the country fell in ranking from 181st position to 182nd, while registering property improved by four places from 185th to 181st, and getting credit gets is becoming tougher with a seven place drop in ranking from 52nd ranking to 59th…
Among the 189 countries surveyed, Singapore topped the ranking as the easiest destination for doing business, followed by New Zealand, Denmark, Korea Republic and Hong Kong SA China, with United Kingdom and United States coming closely in that order…
World Bank Chief Economist and Senior Vice President, Kaushik Basu, said although modern economies cannot function without regulation, businesses cannot be brought to a standstill through poor and cumbersome regulation…
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