Reducing the average days required to start a business in Nigeria from 7 to 2 days

Entrepreneurs in Africa continue to face significant barriers to entry when starting a business. Burdensome and costly regulation can prevent entrepreneurs from entering the formal economy, negatively impacting all sectors.⠀

It’s therefore worthwhile to state that there is a clear evidence that streamlining regulatory procedures can encourage #business entry, business growth, job creation and rising citizens’ incomes. ⠀

The below graph shows that by streamlining procedures to focus only on name reservation and registration of income tax and VAT. with the possibility to attach all necessary documentations via a more simplified online platform will reduce the procedure and time of registering a business in Nigeria from 7 days to 2 days.

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