NIGERIA TO FACE WORST RECESSION IN 40 YEARS.

A time for the private sector to drive the economy while government calms down on regulations that stifle growth. The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update

Nigeria: Property Right

The property rights index for Nigeria from The Heritage Foundation reflects the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It also measures the likelihood of expropriation in Nigeria as well as the extent of corruption in the judiciary and the enforcement of contracts. From

Ease of Doing Business of Selected Oil Producing Countries in Africa

In the global ranking, Tunisia was ranked 80th position while Egypt and Nigeria was respectively in number 120th and 146th. In the ranking, starting a business, dealing with construction permits, getting electricity, registering property, getting credit, minority investment protection, paying taxes, trading across borders, enforcing contracts and resolving insolvency were all considered. Nigeria for example