Im­proved score, four new re­forms fail to lift Nige­ria’s Ease of Do­ing Busi­ness rank­ing

Business a.m. - - NIGERIA FRONTIER MARKETS - busi­ness a.m.

NIGE­RIA’S EASE OF DO­ING Busi­ness rank­ing dropped by one point to 146 even though it ex­e­cuted four new re­forms and im­proved its score to 52.89 from 51.52 the pre­vi­ous year.

The lat­est World Bank Ease of Do­ing Busi­ness 2019 rank­ing re­leased on Wed­nes­day themed ‘Do­ing Busi­ness 2019: A Year of Record Re­forms, Ris­ing’ showed that Nige­ria car­ried out four re­forms which in­cluded mak­ing start­ing a busi­ness eas­ier in Kano and La­gos, the two cities cov­ered by Do­ing Busi­ness. Get­ting Elec­tric­ity and Trad­ing across Bor­ders are re­forms that were also ex­e­cuted in the two cities.

Nige­ria was ranked 145 in the 2018 re­port, how­ever, this year, dropped to 146 even though its score went up by 1.37.

The re­port showed that Nige­ria scored 52.89 higher than 51.52 which it scored in the 2018 re­port as it made im­prove­ments in ease of start­ing a busi­ness, get­ting elec­tric­ity, trad­ing across bor­ders and en­forc­ing con­tracts.

“In ad­di­tion, La­gos made En­forc­ing Con­tracts eas­ier by is­su­ing new rules of civil pro­ce­dure for small claims courts, while Kano, in a nega­tive move, made prop­erty reg­is­tra­tion less trans­par­ent by no longer pub­lish­ing on­line the fee sched­ule and list of doc­u­ments nec­es­sary to trans­fer a prop­erty,” the re­port noted.

Nige­ria made start­ing a busi­ness eas­ier by in­tro­duc­ing an on­line plat­form to pay stamp du­ties. Also, it re­duced the time needed to reg­is­ter a com­pany at the cor­po­rate af­fairs com­mis­sion.

The re­port also showed that Nige­ria made get­ting elec­tric­ity eas­ier by re­quir­ing that the dis­tri­bu­tion com­pa­nies ob­tain the right of way on be­half of the customers and by turn­ing on the elec­tric­ity once the me­ter is in­stalled.

The coun­try also made trad­ing across bor­der eas­ier as it re­duced the time needed to ex­port and im­port by im­ple­ment­ing joint in­spec­tions, the NICIS2 elec­tronic sys­tem and around-the-clock op­er­a­tions at Apapa Port.

En­forc­ing con­tracts like­wise added to the score of the coun­try as Nige­ria, par­tic­u­larly La­gos made it eas­ier by is­su­ing new rules of civil pro­ce­dure for small claims courts which limit ad­journ­ments to un­fore­seen and ex­cep­tional cir­cum­stances.

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