Business Reforms in Nigeria
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Nigeria made starting a business easier by improving online government portals . This reform applies to both Kano and Lagos.
Getting Credit: Nigeria strengthened access to credit by creating a centralized collateral registry. This reform applies to both Kano and Lagos.
Registering Property: Nigeria made transferring property in Lagos less costly by reducing fees for property transactions.
Protecting Minority Investors: Nigeria strengthened minority investor protections by requiring that related-party transactions be subject to external review and to approval by disinterested shareholders. This reform applies to both Kano and Lagos.
Getting Credit: Nigeria improved access to credit information by distributing credit information from retail companies.
Paying Taxes: Nigeria introduced a new compulsory labor contribution paid by the employer.
Getting Credit: Nigeria improved its credit information system through a central bank guideline defining the licensing, operational and regulatory requirements for a privately owned credit bureau.
Trading across Borders: Nigeria speeded up exporting and importing by upgrading facilities at Apapa port in Lagos.
Starting a Business: Nigeria made starting a business easier by introducing an online system for company name search and increasing efficiency at the company registry.
Dealing with Construction Permits: Nigeria made dealing with construction permits easier by setting an official time limit for issuing permits