Frontier markets performed well in the World Bank’s 2018 Ease of Doing Business index, nabbing seven of the top 10 spots on the “most improved” list. Africa was overrepresented, with Malawi, Zambia, Nigeria and Djibouti joining the top 10 most improved, alongside Kosovo, Uzbekistan and El Salvador. Improvements in areas such as access to credit, starting a business and registering property helped Nigeria climb 24 places in the annual ranking, although sitting at 145th place, just below Mali and Niger, the country still presents a challenging business environment. Nigeria’s Vice President Yemi Osinbajo said the progress was evidence of the effectiveness of the Buhari government’s reform efforts, but promised to continue improving the business environment. This is “by no means an excuse for us to slow down,” he said.

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