Starting a business: Time - Men (days) in Nigeria
Nigeria: Starting a business: Time - Men was 7.23 days in 2019. ▼ Falling
Starting a business: Time - Men in Nigeria, 2003–2019
Source: World Bank. Measured in days.
Analysis
In 2019, starting a business: time - men in Nigeria stood at 7.23 days. That is the lowest value across all 17 years on record.
Compared with earlier readings it is down 33.8% on the previous year and down 71.1% over ten years.
Over the whole period, starting a business: time - men in Nigeria peaked at 38 days in 2003 and was at its lowest, 7.23 days, in 2019.
That places Nigeria 140th out of 191 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Starting a business: Time - Men in Nigeria, year by year
| Year | days | Change |
|---|---|---|
| 2003 | 38 days | — |
| 2004 | 38 days | +0.0% |
| 2005 | 37 days | -2.6% |
| 2006 | 37 days | +0.0% |
| 2007 | 29 days | -21.6% |
| 2008 | 25 days | -13.8% |
| 2009 | 25 days | +0.0% |
| 2010 | 25 days | +0.0% |
| 2011 | 28 days | +12.0% |
| 2012 | 28 days | +0.0% |
| 2013 | 30.3 days | +8.2% |
| 2014 | 30.3 days | +0.0% |
| 2015 | 30.3 days | +0.0% |
| 2016 | 24.92 days | -17.8% |
| 2017 | 18.92 days | -24.1% |
| 2018 | 10.92 days | -42.3% |
| 2019 | 7.23 days | -33.8% |
Nigeria compared with similar countries
- Nigeria's 7.23 days is below the median for lower middle income countries, which is 15 days, 48% of the median. (47 countries reporting)
- Nigeria's 7.23 days is below the median for Sub-Saharan Africa, which is 14 days, 52% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.71 days | 25 days | 38 days | 7 |
| 2010s | 23.39 days | 7.23 days | 30.3 days | 10 |
Countries ranked near Nigeria
More private sector data for Nigeria
- Merchandise trade 33.3% (2025)
- Food imports 11.0% (2024)
- Manufactures imports 46.0% (2024)
- Merchandise imports 41.45 billion current US$ (2025)
- Food exports 6.0% (2024)
- Manufactures exports 3.5% (2024)
- Merchandise exports 55.47 billion current US$ (2025)
- Merchandise exports (current US$), per capita 233.52 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1907 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4.03 % change on previous year (2025)
Frequently asked questions
- What is starting a business: time - men in Nigeria?
- Starting a business: time - men in Nigeria was 7.23 days in 2019, according to the World Bank.
- What is the highest starting a business: time - men recorded in Nigeria?
- The highest recorded value was 38 days in 2003.
- What is the lowest starting a business: time - men recorded in Nigeria?
- The lowest recorded value was 7.23 days in 2019.
- How does Nigeria rank for starting a business: time - men?
- Nigeria ranks 140th out of 191 countries with data for 2019.
- Is starting a business: time - men rising or falling in Nigeria?
- Over the last ten years it is down 71.1%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from the World Bank, published as part of Starting a business: Time - Men (days). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The time for men captures the median duration that business incorporation experts indicate is necessary for five male married entrepreneurs to complete all procedures required to start and operate a business with minimum follow-up and no extra payments. It is calulared in calendar days. The time estimates of all procedures are added to calculate the total time required to start and operate a business, taking into account simultaneity of processes. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day.