Forbes has ranked Nigeria 110 among 161 countries in the World and 15th in Africa for doing business, according to the annual report sighted by OMGVoice.com.

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Nigeria’s scores for individual factors on which the ranking was based are as follows:

Trade Freedom:135
Monetary Freedom:141
Property Rights: 116
Innovation: 93
Technology: 123
Red Tape: 105
Investor Protection: 37
Corruption: 136
Personal Freedom: 91
Tax Burden: 132

Also, the macroeconomic indicators and demographics used by Forbes are as follows:

GDP Growth: 0.8%,
GDP per Capita: $2,000
Trade Balance/GDP: 2.8%
Population: 203.5M
Public Debt/GDP: 22%
Unemployment: 16.5%
Inflation: 16.5%.

Nigeria failed to outpace its neighbors Ghana, Senegal and African powerhouse, Egypt who were all ranked higher.

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