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Browse Profiles > Nigeria > Business Indicators

	Score	Rank
Standards Compliance Index	7.50 out of 100	75
Business Indicator Index	7.07 out of 12	54

Nigeria

Business Indicators

With an overall score of 7.07/12, Nigeria is progressing toward standard on the economic, legal, and political indicators that make up our Business Index. Nigeria has a market-based, statist economy, in which total government expenditure, including consumption and transfer payments, is moderate. Nigeria offers good investment opportunities and incentives in targeted areas and sectors. However, there are many barriers to investment, including poor infrastructure, complex taxes, vague property laws, unpredictable enforcement of regulations, corruption, and crime. While the law provides protection for property rights, including intellectual property rights, enforcement of the law is weak. Political instability caused by religious and ethnic rivalries and social neglect is also a deterrent to investors. Corruption is extensive, as reflected in Nigeria's ranking of 147th out of 180 countries in Transparency International's 2007 Corruption Perceptions Index.

Business Indicators

Forex Regulations - Capital Controls

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