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Nigeria - Time required to start a business

Time required to start a business (days)

Time required to start a business (days) in Nigeria was 7.20 as of 2019. Its highest value over the past 6 years was 30.30 in 2015, while its lowest value was 7.20 in 2019.

Definition: Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

Year	Value
2013	30.30
2014	30.30
2015	30.30
2016	24.90
2017	18.90
2018	10.90
2019	7.20

Time required to start a business, female (days)

The value for Time required to start a business, female (days) in Nigeria was 7.23 as of 2019. As the graph below shows, over the past 6 years this indicator reached a maximum value of 30.30 in 2015 and a minimum value of 7.23 in 2019.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

Year	Value
2013	30.30
2014	30.30
2015	30.30
2016	24.92
2017	18.92
2018	10.92
2019	7.23

Time required to start a business, male (days)

The value for Time required to start a business, male (days) in Nigeria was 7.23 as of 2019. As the graph below shows, over the past 6 years this indicator reached a maximum value of 30.30 in 2015 and a minimum value of 7.23 in 2019.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

Year	Value
2013	30.30
2014	30.30
2015	30.30
2016	24.92
2017	18.92
2018	10.92
2019	7.23

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment