Wednesday, April 22, 2026
32.1 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

QEDNG Summit 2026 Set for August 11 in Lagos

The QEDNG Creative Powerhouse Summit will hold its second edition on...

NLNG MD, Adeleye Falade, Commends Rivers Police, Seeks Stronger Security Collaboration

Adeleye Falade, MD, NLNG, (centre); Olakunle Osobu, Deputy MD...

Renaissance MD, Tony Attah, Predicts Merger of Operators at Nigerian Content Lecture

The Managing Director of Renaissance Africa Energy Company Limited,...

NCDMB, Seplat Firm Up Plans for Take-off of Centre of Excellence at DELSU

 Key Management staff of the Nigerian Content Development and...

FG Denies Allegation of Hidden Spending, Diversion of Federation Revenue

The attention of the Federal Ministry of Finance has...

Topics

NCC, Lottery Commission Inaugurate Consumer Protection Committee

L-R: Banji Ojo, Head, Consumer Policy Development and Monitoring, Nigerian communications...

Global Passenger Traffic Rose 5.3% in March

The International Air Transport Association (IATA) announced global passenger...

Leadway Sponsors The Voice Nigeria to Support Entertainment Industry Insurance

In reinforcing its commitment to promoting insurance and deepening...

BudgIT Condemns Abia, Ondo, Taraba States for Owing Civil Servants

Governor Okezie Ikpeazu of Abia State BudgIT, a foremost civic-tech...

Sanlam, aYo Partner to Provide Affordable Insurance for all Nigerians

L-R: Country Manager, aYo Nigeria, Kayode Odetola; Group Chief...

Pension Assets Hit N7.7tr in Feb 2018

Hajia Aisha Dahir-Umar Acting DG PenCom The National Pension Commission (PenCom) says...

‘Stanbic IBTC Ready for Seamless Transactions as Cashless Policy Takes Effect’

  Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img