A new report by The World Bank finds that doing business in Nigeria is now easier due to regulatory business reforms. Globally, Nigeria stands at 129 in the ranking of 189 economies on the ease of starting a business.

The report tagged Doing Business in Nigeria 2014 revealed that since 2005, Nigeria has implemented 10 regulatory reforms making it easier to do business. The majority have focused on improving business incorporation, trade, and credit reporting systems, allowing the country to gradually narrow the gap with the best regulatory practices in the region.