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ADEREMI'S NOTEBOOK

15 September 2005

Nigeria not business-friendly

A recent survey by the World Bank has ranked Nigeria as one of the least friendly countries to do business. The full details of the survey on Nigeria can be found here. The survey concludes that it is relatively easier to set up a business but enforcing contracts is very difficult and if you thinking of registering a property - it takes 21 steps and 274 days with the cost of the process equalling 27.1% of overall property value. However when it comes to firing and hiring, we do very well as you would expect (27 out of 152).

Tags: Business, Nigeria

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