1st pillar: Institutions in Nigeria was reported at 3.31 in 2011, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - 1st pillar: Institutions - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2020.

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 nigeria 1st pillar institutions wb data

This indicator is a derived from the following indicators: (a) Property rights (b) Intellectual property protection (c) Diversion of public funds (d) Public trust of politicians (e) Irregular payments and bribes (f) Judicial independence (g) Favoritism in decisions of government officials (h) Wastefulness of government officials (i) Burden of government regulation (j) Efficiency of legal framework in settling disputes (k) Efficiency of legal framework in challenging regulations (l) Transparency of government policymaking (m) Business costs of terrorism (n) Business costs of crime and violence (o) Organized crime (p) Reliability of police services (q) Ethical behavior of firms (r) Strength of auditing and reporting standards (s) Efficacy of corporate boards (t) Protection of minority shareholders interests and (u) Strength of investor protection.

Nigeria | World Bank Development Indicators