Don't Miss


Home   >   Business   >   Industries   >   Economy   >   Jonathan flays World Bank’s ranking of Nigeria’s business environment

Jonathan flays World Bank’s ranking of Nigeria’s business environment

By on November 15, 2013

FOR assessing Nigeria as one of the difficult destinations in the world to do business in 2013, by the World Bank, President Goodluck Jonathan has said the assessment is in bad faith and not correct because Nigeria’s business climate remains one of the best in the world as can be seen in the foreign direct investments (FDIs) that she attracts.

A recent World Bank Doing Business report placed Nigeria in 147th position out of 189 countries surveyed in the doing business index.

But Jonathan who voiced his dissent to the assessment of the Briton woods institution yesterday said the fundamentals on ground in the country speak of the opposite of the ranking by the World Bank.

He made his feeling known yesterday while speaking at the 18th Annual Conference of the Association of National Accountants of Nigeria (ANAN) which opened in Abuja with the theme: “Deepening Financial Sector Development: The Contribution of the Financial Accountant.”

The President was represented by the Minister of State for Finance, Dr. Yerima Lawal Ngama.

Jonathan maintained that Nigeria has performed far better in terms of growth compared to all the countries listed in the ranking.

“If you look at the list, Nigeria is ranked 147 out of 185. While all the other countries listed are having negative growth, which means that all their businesses are going down, Nigeria is among the fastest growing economies of the world,” Jonathan said.

One Comment

  1. total

    November 15, 2013 at 6:28 am

    This guy must be smoking weeds, All the indications in Nigeria is a fail country, and this president was saying foreign investments. Where are the jobs? Security? HealthCare’s and so on.