GNA Commonwealth Games: Ghana’s men’s quartet disqualification due to technical error – GAA GNA Commonwealth Games: Ghana’s men’s quartet disqualified for flouting rules GNA Commonwealth Games: Paul Amoah breaks Ghana’s 48-year medal drought in 200m GNA We have to take the corruption fight as a personal fight – GACC alerts GNA Youth urged to avail themselves for mentorship GNA Huawei, Ministry of Communications begin cyber security training Phase II GNA Religious and traditional leaders key to domestic tax mobilization-study GNA 2022 West Africa Development Outlook proposes increased sub-regional trade, structural transformation ACP Organisation en Belgique de la croisière « Le fleuve Congo s’invite en Belgique » ACP Les 16 pays de la SADC se conviennent de mutualiser les efforts pour la révolution industrielle

LCCI urges World Bank to review ease of doing business indicators


  21 Janvier      54        Economie (15487), Finance (741),

   

Lagos, Jan. 21, 2019 (NAN) The Lagos Chamber of Commerce and Industry (LCCI) says the World Bank needs to review the indicators for composition of the Ease of Doing Business Index to reflect the reality of each country.
Mr Muda Yusuf, Director-General of LCCI, made the assertion in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos, Southwest Nigeria.
He noted that a country-specific criteria was desirable and not just using the same indicator for every country, saying that countries vary in their peculiarities and challenges.
« Some of the indicators in the Ease of Doing Business composition do not properly capture the critical variables in our own environment.
« Issues of power, transportation, security and our regulatory environment are not captured. We need to address all these other variables that are not on the list of the ease of doing business parameters.
« If you look at the present indicators, it is about construction permit, ease of starting business, credit, reforms, trading across borders, amongst others.
« There are some issues on the parameters that are not fundamental to our own business environment in terms of impact.
« In many of those countries that you roll out these parameters, security is not an issue, power and transportation are taken for granted; whereas in our environment, these are very big issues, » he said.
Yusuf said it was cogent for the World Bank to include these excluded variables in order to have a parameter that reflects the reality of each country.
According to him, the excluded variables were factors that should be addressed as they drive the cost of doing business in the country, which invariably affect the ease of doing business and the business environment.
NAN reports that the World Bank Doing Business Index (DBI) is an annual ranking that objectively assesses prevailing business climate conditions across 190 countries based on 10 Ease of Doing Business (EoDB) indicators.
The Index offers comparative insights based on private sector validation of reforms delivered in the two largest commercial cities in countries with a population higher than 100 million, and the report consequently features Lagos and Kano states for Nigeria.
A nation’s ranking on the index is based on the average of 10 sub-indices: Starting a business; Dealing with construction permits; getting electricity; registering property; getting credit and protecting investors.
Others are: paying taxes; trading across borders; enforcing contracts and resolving insolvency. (NAN)

Dans la même catégorie