Ease of Doing Business in


This page summarizes Doing Business 2015 data for Nigeria. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

Region Sub-Saharan Africa
Income Category Lower middle income
Population 173,615,345
GNI Per Capita (US$) 2,760
City covered Lagos, Kano
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
170 175 down 5

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
47.33 43.72 down 3.61

Subnational Data

Starting a Business


The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2015 DTF** (% points) 78.91 DB 2014 DTF** (% points) 75.50 Change in DTF** (% points) up3.41

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Lagos Sub-Saharan Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
8.0 7.8 4.8

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
28.0 27.9 9.2

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
31.1 56.2 3.4

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in min. capital (% of income per capita)
0.0 95.6 8.8
No. Procedure Time to Complete Associated Costs
1 Reserve a unique company name at the Corporate Affairs Commission 5 days on average NGN 500 application form
2 Prepare the requisite incorporation documents and pay the stamp duty 7 days 0.75% stamp duty paid on share capital + NGN 500 for each additional copy of Memorandum and Articles of Association stamped (2 copies)
3 Sign the declaration of compliance (Form CAC 4) before a Commissioner for Oaths or notary public 1 day NGN 500 at the court or NGN 4,000 - NGN 5,000 with a Notary Public
4 Register at the Corporate Affairs Commission and Pay the fees at the bank desk of CAC 11 days on average see procedure details.
* 5 Make a company seal 1 day (simultaneous with previous procedure) NGN 4,000
6 Register for income tax and VAT at the Federal Inland Revenue Service 4 days no charge
* 7 Register for personal income tax PAYE at the State Tax Office 2 days (simultaneous with previous procedure) no charge
* 8 Register business premises with the Lagos State Government and Pay the business premises levy at a designated bank 1 day (simultaneous with previous procedure) NGN 10,000 paid at the beginning of first year; NGN 5,000 in subsequent years
  * Takes place simultaneously with another procedure.

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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