Nigeria’s rank improves in World Bank’s Business Ratings report released on Tuesday, October 25, 2016, which ranked Nigeria 169 out of 189 countries in the overall Ease of Doing Business. This serves as a positive indication that the focus and tenacity of President Muhammadu Buhari to reposition the nation’s business and economic environment is working and on course.
“The objectivity and reliability of this report coming from an international development institution lends weight to the milestone recorded in particular on the distance to frontier (DTF) metric, where the country’s score improved slightly from 44.02 in Doing Business 2016 to 44.63 in Doing Business 2017. “According to the World Bank report the improvements noted mean “that in the last year, Nigeria’s business regulatory environment as captured by the Doing Business indicators improved slightly in absolute terms – the country is decreasing the gap with the global regulatory frontier.
Nigeria slumped from N0. 94 to 194 during PDP regime.
During PDP regime, even crude oil sales are paid directly into vendors account instead of Federation Account which create rooms and other rooms for fraudsters.
During APC regime, Naira has depreciated badly from N219/$ to N480/$ due to CBN failures to retire FOREX daily bidding with forged and padded documents from bidders without verification of actual importations from sea ports.
Also during APC regime, FOREX are being sold to Political Associates without verification of possible Round-Tripping.
Crude Oil Sales even with dwindling global oil prices are paid directly to Federation Account Only, hence build confidence from foreign investors.
Presently, Central Bank Telescopic mirrors monitor all foreign transactions.
Appreciable increase in global business integrity arising from fear of EFCC and midnight arrests.
From G50 Focal Point of View !!!!!!!