#Nigeria Ranks 126 In Forbes List Of Best Countries For Business!


Nigeria Ranks 126 in the list of 146 countries according to Forbes Ranking of the Best Countries For Business. European, American, Middle East and Southeast Asian Countries made up the top 40 countries while South Africa took the first position for Africa at number 43 followed by Botswana 69, Namibia 72, Rwanda 74, Morocco79 and Ghana 81. What this means is that it is by far easier to set up and do any kind of business in South Africa, Ghana and so many other African countries not even mention here than it is to do in Nigeria.

We need to improve our business atmosphere and make it more investor friendly, combined with our huge human capital potentials and the untapped remarkable business acumen & business sectors, as the biggest economy in Africa to take up our rightful position in the business world. Nigeria no doubt has it all, but remember where we are coming from or where we were six years ago, it could have been worse, but if the current economic plan is sustained, the Sky will definitely be Nigeria's take off point.

The U.S. is the world’s undisputed economic superpower with a GDP of $16.7 trillion last year, nearly a quarter of the global total. It is the financial capital of the world and has largely recovered from the Great Recession. The economy recently posted its best six-month performance in more than a decade and unemployment stands at 5.9%, down from its 2009 peak of 10%.

Yet for all of its financial might, the U.S. lags behind many other developed nations when it comes to its business climate, and the gap is growing. The U.S. ranks 18th in Forbes’ ninth annual ranking of the Best Countries for Business, down four spots from last year. It marks the fifth straight year of declines since 2009, when the U.S. ranked second.

Blame an expanded government, as well as expensive new regulations in finance and health care. The U.S. is the only country to record a loss of economic freedom seven straight years in the Heritage Foundation’s Index of Economic Freedom. More than 130 major new federal regulations on starting a business have been added since 2009 at an annual cost of $60 billion, according to the Heritage

Foundation. The U.S. ranks 81st out of 146 countries for monetary freedom, according to Heritage, with only the U.K. and Turkey faring worse among OECD nations.

Get The Full Gist @ http://www.forbes.com/best-countries-for-business/#page:5_sort:0_direction:asc_search:

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