Standards and Regulation in Nigeria
- Regulators
- Regulatory bodies
In 2011, Nigeria was given a ranking of 133 out of 183 countries in the Ease of Doing Business Index (International Financial Corporation). A high ranking means that the regulatory environment is conducive to the starting and operation of local firms. South Africa’s ranking was 35, Ghana’s was 63, Cameroon’s was 161 and Niger’s was 173.
When broken down into the various factors which constitute Nigeria’s aggregate score, Nigeria does relatively well in terms of the protection of investors (65 out of the 183 countries) and in terms of access to credit (78). In terms of access to electricity and ease of registering property, Nigeria does less well.
| Standards and Regulation organisations in Nigeria | |
|---|---|
| Corporate Affairs Commission |
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| National Insurance Commission (NAICOM) |
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| Nigerian Communications Commission, The (NCC) |
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| Securities and Exchange Commission |
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| Standards Organisation of Nigeria |
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