A new report from the World Bank has listed Nigeria among top 20 “Improvers in Doing Business 2020”.
According to the World Bank, Nigeria made starting a business easier by operationalising a new electronic platform that integrates the tax authority and the Corporate Affairs Commission (CAC).
“The CAC also upgraded its name reservation platform and, in Kano, there is now an electronic platform for registering business premises online, eliminating the need to appear in person,” World Bank said in the report Friday.
World Bank noted that in Lagos land administration was made more transparent following the digitisation of cadastral plans in a geographic information system while digital copies of cadastral plans are now easily obtainable.
World Bank also Nigeria also made getting electricity easier by allowing certified engineers to conduct inspections for new connections while initiatives also made commercial litigation of smaller cases more efficient.
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“The Chief Judges in Lagos and Kano issued practice directions for small claims courts introducing pre-trial conferences and limit adjournments. Finally, customs integrated more agencies into its electronic data interchange system, and port authorities launched an e-payment system, speeding up both exports and imports,” World Bank said.
The full report on the top 20 reformers globally in Ease of Doing Business rankings will be released on October 24th.
Among the top 20 list, only Nigeria and Kenya made it on the continent.
