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Reducing the average days required to start a business in Nigeria from 7 to 2 days

Entrepreneurs in Africa continue to face significant barriers to entry when starting a business. Burdensome and costly regulation can prevent entrepreneurs from entering the formal economy, negatively impacting all sectors.⠀⠀It’s therefore worthwhile to state that there is a clear evidence that streamlining regulatory procedures can encourage #business entry, business growth, job creation and rising citizens’ incomes. ⠀⠀The …

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investment, concept, business

How many days does it takes to start a business in the biggest economies in Africa?

Of the biggest economies in Africa, Nigeria ranks lowest in the numbers of days to start a business. This is remarkable based on the country’s decision to: reduce the time needed to register a company improve the efficiency of her online platforms. no longer require on-site inspections for business premises registration. While this is commendable, …

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Nigeria: Property Right

The property rights index for Nigeria from The Heritage Foundation reflects the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It also measures the likelihood of expropriation in Nigeria as well as the extent of corruption in the judiciary and the enforcement of contracts. From …

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apples, farmer's market, buy

Ease of Doing Business of Selected Oil Producing Countries in Africa

In the global ranking, Tunisia was ranked 80th position while Egypt and Nigeria was respectively in number 120th and 146th. In the ranking, starting a business, dealing with construction permits, getting electricity, registering property, getting credit, minority investment protection, paying taxes, trading across borders, enforcing contracts and resolving insolvency were all considered.   Nigeria for …

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