Post by jensenbreck on Nov 6, 2017 8:18:06 GMT 1
hello,
Nigeria ranks 147th out of 189 countries on the World Bank’s ease of doing business index for The country imposes politically mandated restrictions on imports and exports to support local industries in meat products, spaghetti/noodles, bagged cement, furniture and footwear, among others. It also charges hefty duties on certain goods – for example, imported rice faces a levy of 20%. Additional trade barriers negatively affect the supply chains of exporters to Nigeria, and of local manufacturers either importing inputs or exporting from Nigeria. Import and export costs in Nigeria are almost double those in East Asia & the Pacific region. Moreover, the average time for importing to Nigeria, at 33 days, is 81% higher than it is in Latin America; the average time for exports from Nigeria, at 22 days, is 36% longer.
Nigeria ranks 147th out of 189 countries on the World Bank’s ease of doing business index for The country imposes politically mandated restrictions on imports and exports to support local industries in meat products, spaghetti/noodles, bagged cement, furniture and footwear, among others. It also charges hefty duties on certain goods – for example, imported rice faces a levy of 20%. Additional trade barriers negatively affect the supply chains of exporters to Nigeria, and of local manufacturers either importing inputs or exporting from Nigeria. Import and export costs in Nigeria are almost double those in East Asia & the Pacific region. Moreover, the average time for importing to Nigeria, at 33 days, is 81% higher than it is in Latin America; the average time for exports from Nigeria, at 22 days, is 36% longer.
