Nigeria is the worst place to do business in 2016 — World Bank
The World Bank Doing Business Report 2016 has declared Nigeria as the worst place to do business in the world.
According to a survey by the Bank, of the 189 countries surveyed, Nigeria moved from 170th position with 43.56 points in 2015 to 169 with 44.69 per cent, a result that shows how difficult it is to do business in Nigeria in 2016 compared to last year.
The report revealed that electricity in 2016 became a major challenge just as the country fell in ranking from 181st position to 182nd.
Nigeria, however. enjoyed the highest improvement by moving from 33rd position last year to 20th this year, the report said.
World Bank pointed out that Mauritius which ranked 32nd, Rwanda at 62nd position, Botswana and South Africa at 72nd and 73rd respectively are the best business destinations in Africa.
Ghana emerged best from the West African sub-region on 114th position.