Nigeria, Africa’s largest economy, is one of five African countries that made it onto the World Bank’s Top-20 improvers in Doing Business list for 2020, according to the Ease of Doing Business report.
Other African countries that made it to the top list include Kenya, Togo, Zimbabwe and Djibouti.
Reforms in cross-border trading, transparency in land administration and a new electronic platform for taxation are among the improvements that have been recognized in the five African countries.
The full Ease of Doing Business report will be released on Oct. 24, Business Insider said.
Nigeria improving through reforms
Nigeria, which ranked 146 out of 190 on the 2019 ranking, made significant improvement after it launched a new electronic platform that linked the tax authority and the Corporate Affairs Commission, the World Bank said.
“(World Bank) also acknowledges reforms carried out in some of the World Bank Doing Business indicator areas such as starting a business, registering property, getting construction permits, getting electricity, enforcing contracts, and trading across borders,” said Jumoke Oduwole, special adviser to the Nigerian president.
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“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,” she added.
Nigeria has steadily improved in the World Bank’s Doing Business report over the last three years.
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