Saturday, December 13, 2025
24.7 C
Lagos

World Bank Dumps Doing Business Report over Data Irregularities

The World Bank Group issued the following statement on the Doing Business report:

“Trust in the research of the World Bank Group is vital. World Bank Groupresearch informs the actions of policymakers,helps countriesmake better-informed decisions,andallows stakeholders to measure economic and socialimprovements more accurately.Suchresearch has also been avaluable toolforthe private sector,civil society, academia,journalists, and others, broadening understanding of global issues.

Afterdata irregularities on Doing Business 2018 and 2020 were reportedinternally in June 2020, World Bank managementpausedthe next Doing Business report andinitiateda series ofreviewsandauditsof the report and its methodology. In addition, because the internal reports raised ethical matters, including the conduct of former Board officials as well as current and/or former Bank staff, management reported the allegations to the Bank’s appropriate internal accountability mechanisms.

After reviewing all the information available to date on Doing Business, including the findings ofpast reviews, audits, and the report the Bank released today on behalf of the Board of Executive Directors, World Bank Groupmanagementhas taken the decision todiscontinue theDoing Business report. The World Bank Group remains firmly committed to advancing the role of the private sector in development and providing support to governments to design the regulatory environment that supports this. Going forward, we will be working on a new approach to assessing the business and investment climate. We are deeply grateful to the efforts of the many staff members who have worked diligently to advance the business climate agenda, and we look forward to harnessing their energies and abilities in new ways.”

spot_img
spot_img
spot_img

Hot this week

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

FSI Marks 6 Years of Driving Innovation, Talent Development, Startup Growth Across Africa

Financial Services Innovators (FSI) has marked its sixth anniversary,...

Sterling Bank Partners Pan Atlantic Varsity’s EDC to Certify Non-Oil Export Academy Graduates

L-R: Kola Oluyemi, Group Head, Sterling Academy; Dr. Nneka Okekearu,...

Topics

NCDMB Lists Gains of NOGICD Act, Urges Namibia to Prioritise Local Content

The Nigerian Oil and Gas Industry Content Development (NOGICD)...

NSE Employees Give Back in CSR Initiative

The Nigerian Stock Exchange has announced that its employees...

Nigeria Leads in 43% Remittances Growth to Africa in 2019

Leading mobile payments company WorldRemit saw a 43% growth...

NCC-CSIRT: The Countermeasures Against Website Scams on Microsoft Edge Browser

The Nigerian Communications Commission's Computer Security Incident Response Team...

Stanbic IBTC Bank Nigeria PMI: Private Sector Growth Quickens in April

Marked and accelerated expansions in output and new orders...

Lagos Comic Con Show Returns Sept 19

The Lagos Comic Con, now known as the Fearless...

The Role of Media Monitoring Services in Governance and its Application 

  By Philip Odiakose The role of media monitoring services in governance...

Linkage Assurance: N8bn Claims Paid in 3years, N26bn Shareholders’ Fund, N7bn Capital

  L-R: Mrs. Ekeoma Ezeibe, Vice President, Nigerian Council of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img