The World Bank has listed Nigeria
as one of the top 20 countries that improved and carried out reforms in the
Ease of Doing Business.
The Bretton Wood institution made
this known in a report released on Friday.
“Economies are selected based on
the number of reforms and on how much their ease of doing business score
improved,” the World Bank said.
“Nigeria made starting a business
easier by operationalizing a new electronic platform that integrates the tax
authority and the Corporate Affairs Commission (CAC). The CAC also upgraded its
name reservation platform and, in Kano, there is now an electronic platform for
registering business premises online, eliminating the need to appear in person.
“In Lagos, land administration
was made more transparent following the digitization of cadastral plans in a
geographic information system; digital copies of cadastral plans are now easily
obtainable.”
The reforms have been driven by
Vice-President Yemi Osinbajo; Okechukwu Enelamah, former minister of trade and
investment; and Jumoke Oduwole, secretary to the Presidential Enabling Business
Environment Council (PEBEC) and special adviser to the president on Ease of
Doing Business.
Other reforms that counted in
Nigeria’s favour include the clearance given to certified engineers to conduct
inspections for new electricity connections
“Initiatives also made commercial
litigation of smaller cases more efficient. The Chief Judges in Lagos and Kano
issued practice directions for small claims courts introducing pre-trial
conferences and limit adjournments.
“Finally, customs integrated more
agencies into its electronic data interchange system, and port authorities
launched an e-payment system, speeding up both exports and imports.”
Other countries listed alongside
Nigeria are Azerbaijan, Bahrain, Bangladesh, China, Djibouti, India, Jordan,
Kenya, Kosovo, Kuwait, The Kyrgyz Republic, Myanmar, Pakistan, Qatar, Saudi
Arabia, Tajikistan, Togo, Uzbekistan and Zimbabwe.
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