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States making progress in ease of doing business, says World Bank


IMF Managing Director Christine Lagarde during the The International Monetary Fund (IMF) and the World Bank Group 2018 Spring Meetings in Washington, DC, on April 19, 2018. / AFP PHOTO / JIM WATSON

Nigerian states are making strides to improve the ease of doing business for domestic small and medium enterprises, the World Bank has disclosed.

A statement yesterday in Abuja by its Communication Officer, Olufunke Olufon, indicates that the report covered the 36 states and the Federal Capital Territory (FCT).

It noted that 29 states had implemented 43 reforms in the area of starting a business, adding however that gaps still exist in the nation’s regulatory environment.

According to the document, though no state performed excellently well, it though pointed out that Kaduna, Enugu, Abia, Lagos and Anambra made the biggest strides in improving regulations.

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