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STARTING A BUSINESS

This indicator measures the paid-in minimum capital requirement, number of procedures, time and cost for a small- to medium-sized limited liability company to start up and formally operate in the economy’s largest business city.

2016 STATE OF STATES RANKINGS FOR STARTING A BUSINESS

RANK

STATE

NUMBER OF PROCEDURES

NUMBER OF DAYS

COST - PERCENTAGE OF INCOME PER CAPITA

#1

6

18

46.26%

#2

10

26

47.6%

#3

10

32

44.39%

#4

8

28

54.93%

#5

8

32

54.8%

#6

11

23

51.16%

#7

11

31

48.5%

#8

10

34

51.2%

#9

11

30

53.38%

#10

11

32

51.16%

#11

11

33

47.6%

#12

10

21

57.52%

#13

9

36

50.71%

#14

10

36

45.81%

#15

9

32

57.95%

#15

11

31

54.35%

#17

11

34

52.1%

#18

8

35

55.63%

#19

9

35

55.25%

#20

11

34

53.83%

#21

11

34

54.12%

#22

10

36

53.45%

#23

10

34

57.27%

#24

10

31

73.23%

#25

9

34

62.44%

#26

11

35

53.13%

#27

10

33

60.19%

#28

9

35

59.29%

#29

9

44

54.8%

#30

11

30

63.71%

#31

11

34

56.73%

#32

11

35

55.38%

#33

11

37

56.93%

#34

11

40

59.68%

#35

11

41

65.99%

#36

12

40

56.98%

Source:
World Bank's Ease of Doing Business in Nigeria (2014)

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