Nigeria Time Required to Start a Business 2019: 7.20 days
Nigeria's time required to start a business in 2019 is 7.20 days, down 33.9% from 2018. It ranks #140 of 189 countries.
Time required to start a business varies globally, highlighting efficiency in regulatory environments and economic growth potential.
Source (2019): Time required to start a business
Where Nigeria ranks (2019)
#140 of 189- #132
Sri Lanka8 days - #139
Sweden7.5 days - #140
Nigeria7.2 days - #141
Congo, Democratic Republic of the7 days - #141
Hungary7 days
Time Required to Start a Business over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2019 | 7.2 days | 3.7 days | -33.94% | |
| 2018 | 10.9 days | 8 days | -42.33% | |
| 2017 | 18.9 days | 6 days | -24.10% | |
| 2016 | 24.9 days | 5.4 days | -17.82% | |
| 2015 | 30.3 days | 0 days | 0.00% | |
| 2014 | 30.3 days | 0 days | 0.00% | |
| 2013 | 30.3 days | — | — |
Frequently Asked Questions About Nigeria Time Required to Start a Business
What is Nigeria's time required to start a business in 2019?▾
Nigeria's time required to start a business is 7.20 days in 2019, according to Time required to start a business | Doing Business project, World Bank via Our World in Data.
Is Nigeria's time required to start a business increasing or decreasing?▾
Nigeria's time required to start a business fell by 33.9% from 2018 (10.90 days) to 2019 (7.20 days).
How does Nigeria rank for time required to start a business?▾
In 2019, Nigeria has the 140th highest time required to start a business out of 189 countries with data.
What was Nigeria's time required to start a business in 2013?▾
In 2013, Nigeria's time required to start a business was 30.30 days. By 2019 it fell by 76.2%.
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