The ease of doing business is an index created by World Bank. The index ranks countries of the world on the conduciveness of regulatory environment, and protection of property rights.
The lower the rank of a country, the better. A high rank is a bad indicator. The lowest rank is number one, which effectively means any country with that ranking is considered the best.
Below is the historical ease of doing business for Nigeria.
|Year||Ease of Doing Business ranking|
Things to note
- Nigeria’s lowest ranking (best ranking) ever was a rank of 120 in 2008
- Nigeria’s highest ranking (worst ranking) ever was a rank of 170 in 2014 and 2015
- The lastest data ranks Nigeria at 131