Yobe

Ease of Doing Business in

Yobe - Nigeria

This page summarizes Doing Business data for Yobe. The first table shows its rank among 37 cities/regions in Nigeria. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Select All
Economy Summary
Starting a Business
Dealing with Construction Permits
Registering Property
Enforcing Contracts
Region Sub-Saharan Africa
Income Category Lower middle income
Population 162,470,737
GNI Per Capita (US$) 1,200.00
Ease of Doing Business Rank among 37 cities in Nigeria Top city in Nigeria
6 Jigawa
Topic Rankings Rank among 37 cities in Nigeria Top city in Nigeria
Starting a Business 13 FCT
Dealing with Construction Permits 22 Jigawa
Registering Property 5 Gombe
Enforcing Contracts 2 Katsina

Doing Business Resources

ReportDownload Report

Download subnational Doing Business in Nigeria

 Contributors

See who contributed to the subnational report in Nigeria

Subnational Data


Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

Indicator Yobe Sub-Saharan Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
8 8 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
38 34 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
61.9 67.3 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.0 116.0 13.3
No. Procedure Time to Complete Associated Costs
1 Check the availability of company’s name with the Corporate Affairs Commission (CAC) 3 days NGN 200
2 Prepare the requisite incorporation documents and pay the stamp duty 20 days NGN 13,098 (stamp duty at 0.75% of share capital + NGN 1,000 for extra stamped copy of memorandum and articles of association + NGN 500 for incorporation forms)
3 Declaration of Compliance (Form CAC 4) signed before a Commissioner for Oaths or notary public 1 day NGN 200
4 Obtain bank draft from a bank for payment of the registration fees 1 day NGN 27,200 (NGN 200 for bank draft charges + NGN 20,000 incorporation fees [NGN 10,000 for company whose nominal share capital is NGN 1,000,000 or less + NGN 10,000 for the remaining NGN 546,350 share capital] + NGN 3,000 for certified true copy of memorandum and articles of association + NGN 2,000 for certified true copy of particulars of directors + NGN 2,000 for certified true copy of particulars of shareholders)
5 Register the company with the Corporate Affairs Commission 7 days NGN 50,000 (legal fees)
6 Register with the integrated Tax Office of the Federal Board of Inland Revenue for income tax and VAT 5 days No cost
* 7 Register for personal income tax PAYE at the State Tax Office 2 days No cost
8 Register business premises with the Ministry of Commerce and Industry 1 day NGN 5,000
* Takes place simultaneously with another procedure.
Subnational Data

Subnational Data


Close