The full report on the top 20 reformers globally in Ease of Doing Business rankings will be released on October 24th.
According to the World Bank, Nigeria made improvements 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."
The World Bank report also stated that Nigeria made getting electricity easier by allowing certified engineers to conduct inspections for new connections. Initiatives also made commercial litigation of smaller cases more efficient.
Other countries on the top 20 are:
- The Kyrgyz Republic
- Saudi Arabia
With a total of 107 reforms, Sub-Saharan Africa once again has a record number this year. Since the launch of Doing Business in 2005, more than 3,500 business regulatory reforms have been implemented across the 190 economies measured by the report. The majority of these reforms have been made in low- and lower-middle-income economies, according to World Bank.
As per last report, Kenya, the East Africa nation, was named among the top 10 most improved economies in the world and number three in Africa after Mauritius and Rwanda.