Business Reforms in Nigeria

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2013:

Negative Paying Taxes:

Nigeria introduced a new compulsory labor contribution paid by the employer.


DB2010:

Positive Getting Credit:

The Central Bank of Nigeria (CBN) issued a guideline in October 2008 that defines the licensing, operational and regulatory requirements for a privately owned credit bureau.


DB2009:

Positive Trading Across Borders:

Port facilities at Apapa port in Lagos were upgraded thereby speeding up the import and export process.


DB2008:

Positive Starting a Business:

An electronic company name search was introduced, which made the company registry more efficient.


Positive Dealing with Construction Permits:

Nigeria made obtaining construction permits easier by setting up an official time frame of permit issuance, and introducing risk-based inspections. Meanwhile, a new building code is going to be implemented.


Reform Summaries


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