5. Nigeria:

Africa’s largest oil producing nation is the fifth worst country for business. Political turmoil and religious conflicts is the major reason for being a worst place for business. Accessing of electricity, registering property for business is a great pain in this nation.  This country is a jackpot for energy and resources companies but the trading of oil has stimulated violence and corruption in Niger delta. Many tycoons had to close down the production due to increase in oil pilfers. The FDI in this nation according to 2010 is $6.1 billion. The people in this oil rich country live in less than $2 per day. The country is polluted and the political instability has led to the great suffering by people.