Osinbajo receives report on 2018 Ease of Doing Business from World Bank
The World Bank Country Director, Rachid Benmessaoud, on Wednesday, presented the Report on 2018 Ease of Doing Business to Vice President, Yemi Osinbajo.
The News Agency of Nigeria reports that Vice President Osinbajo, after the presentation of the Report, went into a closed door meeting with the World Bank officials at the vice president’s conference hall, Presidential Villa, Abuja.
The World Bank had on October 31 said Nigeria now ranked 145th position out of 190 countries in the Ease of Doing Business index for 2018.
The World Bank stated this in its just released Ease of Doing Business report titled: “Doing Business 2018: Reforming to create jobs.”
The report indicated that Nigeria had moved up by 24 points from 169th position on the 2017 ranking and also 170th position on the 2016 ranking to 145 in the World Bank’s 2018 report.
According to the World Bank, Nigeria alongside El Salvador, India, Malawi, Brunei Darussalam, Kosovo, Uzbekistan, Thailand, Zambia and Djibouti are the top 10 improved countries worldwide, after carrying out numerous reforms to improve their business environments.
President Muhammadu Buhari had in a statement issued by his Special Adviser on Media and Publicity, Femi Adesina, described as a welcome development the phenomenal improvement of Nigeria on the World Bank’s Doing Business latest rankings released on October 31.