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Five Worst Countries To Start Business
By siliconindia
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1 Comments
Nigeria
With a GDP of $194 billion and FDI of $6.1 billion in 2010, Nigeria is one of the worst countries to start business in. Being the largest oil producer of Africa continent, it draws the interest of the world’s biggest energy and resources companies. Nigeria is ranked 108 when it comes to corruption. However, due to political unrest and growing ethnic and religious tensions, there arise several factors that are responsible to term Nigeria as the worst place to start business in. Nigeria ranks among the lowest in the world when it comes to getting electricity and registering property for business, where a business needs nearly three months to get through the 13 procedures required to register a property.
