Overview Nigeria - Snapshot

African Ranking - Ease of Doing Business

Current Policy Reforms

  • The introduction of an online platform for paying stamp duties, accelerating the registration of new businesses and eradicating the need for on-site inspections when registration business premises
  • The launch of e-payment systems to reduce time taken for international trade 
  • The ease of access to electricity services by allowing certified engineers to conduct inspections for new connections.

Other Reforms Include

  • 60% reduction in time taken to register property in major cities
  • 30% reduction in import documentation 
  • 51% reduction in time taken to connect to the electricity grid, and a cut in the number of procedures from nine to seven
  • 26% reduction in cost of registering a business