According to the World Bank, Nigeria is one of the most difficult places to do business in the world.
This is as Nigeria ranks 169 out of 189 countries examined for Trade Index,TI, for the year 2015. The Trade Index is a World Bank tool used to measure the ease of doing business among other things.
Other indicators measured using the TI are Trading Across Border, Getting Credit, Getting Electricity, Paying Taxes, Registering Property and Starting a Business.
According to the World Bank report, Singapore beats every other country as the best place to do business in the world. New Zealand and Denmark took the second and third position respectively.
South Africa ranked 73, Tanzania, Togo, Liberia, Angola, Kenya, Egypt and Benin Republic ranked 146, 150, 169, 181, 108, 131 and 158 respectively.
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