Investor Presentaiton
BUSINESS
MADE
EASY
Driven by:
PRESIDENTIAL
ENABLING BUSINESS
ENVIRONMENT
COUNCIL (PEBEC)
N
N
N
Regulatory Environment
8%
of Business Income
paid as Tax
00
9
It takes an average of 19 days to
receive a TIN and
20 days to receive a TCC.
N
21 days
Average days to complete
business registration
N
Registering a new business costs
#89,000 on the average
nationwide.
*National average is 20 days to register property with a state government
N
6%
Proportion of business income
spent on court costs
17
SMEs in the North West report spending the
highest to register a business, while SMEs in
the North East report spending the lowest.
The longest time to receive a C-of-O was
recorded in the North Central region (94 days),
while the shortest time was recorded in the
South East (14 days).
6
On average it takes 28 days to
initiate & conclude the
judicial process.
T 49%
Businesses nationwide that
own their business premises
00
6
It can take as long as 4 months
to register property with the
state government, compared to
less than a week in some
states.*
PAGE: 21
NEC MEETING | JANUARY 2021View entire presentation