2012年-世界发展银行全球_Doing_Business_Economy_Profile_2013___Nigeria_116页_1mb

Summary of Nigeria's Business Environment in Doing Business 2013

Core Content

This summary presents the key findings from the Doing Business 2013 report on Nigeria, focusing on the ease of doing business for small and medium-sized enterprises (SMEs). The report measures 11 areas of business regulation and compares Nigeria's performance with other economies and regional averages.

Main Indicators and Rankings

Key Observations

• Ease of Doing Business: Nigeria ranks 131 globally in the overall ease of doing business index.
• Business Regulation: Nigeria's ranking in the ease of starting a business is 119, indicating a relatively difficult process compared to global standards.
• Procedures: It takes 8 procedures to start a business in Nigeria.
• Time: The process takes 34 days.
• Cost: The cost is 60.4% of income per capita, which is significantly high compared to other economies.
• Paid-in Minimum Capital: There is no minimum paid-in capital required, which is a positive factor.

Comparative Analysis

• Nigeria's performance is generally below the regional average in most indicators.
• It is far behind the best performers in the world, such as New Zealand and Singapore.
• The distance to frontier measure shows how far Nigeria is from the best practices in each area. For instance, it is 70.6% away from the frontier in the "Getting Credit" indicator, indicating room for improvement.

Business Regulation Reforms in Nigeria

• DB2008: Introduced an electronic company name search, which improved the efficiency of the company registry.
• DB2009–DB2013: No further reforms were recorded by Doing Business, suggesting a stagnation in regulatory improvements.

Key Areas of Business Regulation

Starting a Business

• Procedures: 8
• Time: 34 days
• Cost: 60.4% of income per capita
• Paid-in Minimum Capital: 0.0%

Dealing with Construction Permits

• Rank: 88
• Procedures: 15
• Time: 85 days
• Cost: 417.7% of income per capita

Getting Electricity

• Rank: 178
• Procedures: 8
• Time: 260 days
• Cost: $873.9 per container

Registering Property

• Rank: 182
• Procedures: 13
• Time: 86 days
• Cost: 20.8% of property value

Getting Credit

• Rank: 23
• Strength of Legal Rights Index: 9
• Depth of Credit Information Index: 4
• Public Registry Coverage: 0.1% of adults
• Private Bureau Coverage: 4.1% of adults

Protecting Investors

• Rank: 70
• Extent of Disclosure Index: 5
• Extent of Director Liability Index: 7
• Ease of Shareholder Suits Index: 5
• Strength of Investor Protection Index: 5.7

Paying Taxes

• Rank: 155
• Payments (number per year): 41
• Time (hours per year): 956
• Cost (US$ per container): Not specified, but it is among the highest globally

Trading Across Borders

• Rank: 154
• Documents to Export: 10
• Time to Export (days): 24
• Cost to Export (US$ per container): $1,380
• Documents to Import: 10
• Time to Import (days): 39
• Cost to Import (US$ per container): $1,540

Enforcing Contracts

• Rank: 98
• Time (days): 457
• Cost (% of claim): 32.0%

Resolving Insolvency

• Rank: 105
• Time (years): 2.0
• Cost (% of estate): 22%
• Recovery Rate (cents on the dollar): 28.2

Key Takeaways

• Challenges: Nigeria faces significant challenges in business registration, construction permits, electricity access, property registration, and tax compliance.
• Improvement Potential: The distance to frontier measure highlights areas where Nigeria could improve, particularly in the efficiency of procedures and reduction of costs.
• Reforms: While some reforms have been implemented, such as the electronic company name search, there has been limited progress in other areas.
• Regional and Global Context: Nigeria's performance is generally lower than the regional average and far behind the best performers globally, indicating a need for more comprehensive regulatory reforms.

Conclusion

Nigeria's business environment, as assessed by the Doing Business 2013 report, shows that while some improvements have been made, the overall regulatory framework remains challenging for SMEs. The report underscores the importance of streamlining procedures, reducing costs, and enhancing transparency to improve the ease of doing business and attract more investment.