Nigeria has moved up 24 places in the World Bank’s Doing Business report and was also recognised as one of the top 10 most improved economies in the world.
Mr. Osinbajo, who expressed his satisfaction in a statement on Tuesday, said the development showed “significant result”.
The latest ranking saw Nigeria move up 24 places to 145th in its list.
Similarly, Nigeria was also identified as one of the top 10 most improved economies in the world.
A statement by Mr. Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande, said the vice-president welcomed Nigeria’s improved performancs as one of the top 10 reforming economies in the world in 2017, after a decade-long decline in Nigeria’s rankings.
“This year, Mr. President set us an ambitious target of moving up 20 places in the ranking – I am delighted that we have exceeded his goal,” the statement said.
“Improving the business environment is at the heart of the
Buhari administration’s reform agenda. We are reinforcing our economic turnaround by a vigorous and active implementation of the Economic Recovery and Growth Plan so businesses operating in Nigeria can thrive and be competitive globally.
The World Bank report showed that five reforms made it easier to do business in Nigeria’s two major cities, Kano and Lagos.
The reforms include Starting a Business; Dealing with Construction Permits; Registering Property; Getting Credit, and Paying Taxes.