Nigeria ranked among world’s poorest competitive countries
News Friday, September 6, 2013


Nigeria dropped five places from last year's 115th position to 120th.

Despite the efforts to diversify the economy and attract investors by the Jonathan administration, Nigeria is still ranked among the stragglers in the Global Competitive Index, GCI, 2013-2014 released Wednesday by the World Economic Forum.

Nigeria dropped five places from last year's 115th position to 120th among the 148 countries profiled.

The GCI, which was introduced in 2004, measures how the set of institutions, policies, and other factors determine the level of productivity of a country. The GCI scores is calculated by drawing together the 12 pillars of competitiveness namely: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.

According to the ranking, Nigeria is placed in the poorest pool of economic development possible. Nigeria ranked as a "factor driven" economy with the likes of Liberia, Lao, Mali and Yemen.”

There are four stages of development with innovation-driven economies being the best pool of nations.

It worries the compilers of the index that Nigeria's economy is struggling to keep up despite overt advantages over other African countries. For instance, the report noted that Nigeria, due to its population, enjoys a large market size (32nd position) "which has the potential for significant economies of scale and is an important factor for attracting investors."

It identifies weak institutions (ranked at 129th out of 148); engrained corruption, undue influence, weakly protected property rights, insecurity (ranked at 142nd), poor infrastructure (ranked at 135th) and poor primary education (ranked at 146th) as the reasons for the country's abysmal rating.

It also points to the over reliance on oil and the poor penetration of ICT as the other reasons for the country's poor showing.

Meanwhile Mauritius has overtaken South Africa as the most competitive country in Sub-Saharan Africa. Ranked at 45th position the country moved up nine places this year. The country's enviable showing is bolstered by "transparent public institutions (ranked at 39th) with clear property rights and strong judicial independence and an efficient government (29th)," the report noted.

DonColz1: Nigeria has a serious problem, jonathan government is a confused government, there is too much money in nigeria, but they would be using it to buy yatch, jet, and luxurious that are not adding anything to the growth of the nation, jonathan government does not focus on economic growth but focuses on personal growth, after all the promises he made during his 7 point agenda, nigeria is still the same, the problem with jonathan government is planning, and this is going to cripple the nigeria if he does not plan how to use the resources of nigeria..

humblesteve: Transformation my foot. *Hiss*

Gbawe.:

Nigeria is moving backwards in every aspect under this woeful accidental leader. That Nigerians put up with this abjectly incompetent President, when proof of his "kindergaten" incompetence come in overwhelmingly thick and fast every day, is the biggest disgrace of all. That, above everything else, is what reveals we are a disunited joke of a nation unable to call a spade a spade.

Maxymilliano:

Nigeria is not moving backwards in all aspect, except you are the one moving backward. The index only confirm the statement credited to Ngozi Okonjo-Iweala,  Nigeria’s Minister of Finance recently that the country’s economy is“strong but with vulnerabilities” ...

Nigeria dropped five places from last year's 115th position to 120th.

It worries the compilers of the index that Nigeria's economy is struggling to keep up despite overt advantages over other African countries.

It identifies weak institutions (ranked at 129th out of 148); engrained corruption, undue influence, weakly protected property rights, insecurity (ranked at 142nd), poor infrastructure (ranked at 135th) and poor primary education (ranked at 146th) as the reasons for the country's abysmal rating.

Sincere 9gerian: The reasons for the poor ranking of Nigeria, according to the report, are:

-weak institutions (ranked at 129th out of 148)
-engrained corruption, undue influence, weakly protected property rights, insecurity (ranked at 142nd),
-poor infrastructure (ranked at 135th)
-poor primary education (ranked at 146th)

Well, many of those criteria are either joint responsibility of all tiers of govt or responsibility of other tier of govt. For instance, primary education is not the responsibility of GEJ. It is the constitutional responsibility of state and local govt. So @Gbawe and other APC sycophants should tell their masters that the poor primary school education in their states is affecting the ranking of Nigeria.

The other criterias including weak institutions, corruption, poor infrastructures,etc is an indictment on all tiers of govt- state, federal and local govt. It shows that they ALL have to do MORE.

Gbawe.:


Shut up. Your breath stinks as bad as your unintelligently senseless, crassly dishonest and odiously sycophantic excuses. GEJ is a failure and you cannot pass the buck for his failings on to others. Had this been an improvement in Nigeria's ranking, it is you and your nauseatingly dishonest co-travellers who would make it all about GEJ while spamming the forum to death about how "fresh air is working".

I am really uncomfortable, even if it is only on a faceless forum, being citizens of the same nation with fraudsters like you. You are a disgrace. Do you know I do not even bother to read what you write? That is the level of disregard I have for any utterance you make because I believe you are only capable of mouthing dishonest drivel.

Sincere 9gerian:
These outpouring of emotions and foaming at the mouth is unnecessary. Lets stay with the FACTS:

- whose constitutional responsibility is primary school education? It is that of state and local govts. Tell your masters in APC to improve the conditions of primary schools in their states. That will help improve our ranking next time.

- whose constitutional responsibility is it to build strong institutions, reduce corruption, improve infrastructures,etc? It is that of ALL tiers of govt. All tiers of govt have institutions under their care. All tiers of govt have certain category of infrastructures under their care. All tiers of govt should ensure that public servants under their watch are not corrupt.

So frustrated @Gbawe, stay with the facts.

Meanwhile, you didnt have to tell wicked lies. I know you ALWAYS read my posts. In fact, your day is incomplete without a good dose of my posts.

Sincere 9gerian: The reasons for the poor ranking of Nigeria, according to the report, are:

-weak institutions (ranked at 129th out of 148)
-engrained corruption, undue influence, weakly protected property rights, insecurity (ranked at 142nd),
-poor infrastructure (ranked at 135th)
-poor primary education (ranked at 146th)

Well, many of those criteria are either joint responsibility of all tiers of govt or responsibility of other tier of govt. For instance, primary education is not the responsibility of GEJ. It is the constitutional responsibility of state and local govt. So @Gbawe and other APC sycophants should tell their masters that the poor primary school education in their states is affecting the ranking of Nigeria.

The other criterias including weak institutions, corruption, poor infrastructures,etc is an indictment on all tiers of govt- state, federal and local govt. It shows that they ALL have to do MORE.

kingoflag: Oh my God! This dude you need to voluntarily sign up for rehab, u sound crazier than a drugged out looney.

awodman:
My friend stay on the topic and quit insults...

1) Who is responsible for primary education
2) What is the state govts doing with the allocations made for infrastructure
3) Have corruption reduced in states?

The blame should be rightly shared among all tiers of the govt

kingoflag: Please kindly STFU and stop trying to tell me what to say to another imb*ecile that sounds just as idiotic as your dunce self. Thanks in advance.

Now, back to topic.

Bottom-line, if you do not have an inspirational leader to lead the country in the proper direction, NOTHING WILL WORK!

Gbawe.:


Shut up and get lost. I have no interest in reading what you write because you are a shameless liar and a very poor excuse of a Nigerian. Talk to those who are interested in your childish hogwash.

awodman:
Lol..you can call me any name you want but it won't stop me from pointing out the facts...

Am still waiting for you to answer me on a point by point basis

Mylove55: Who control and inflence d institution like police,efcc,inec,cbn,judiciary etc to be corrupt.who pay out subsidy without supply,who award contract to fraudsters and millitant.who make bad policies dat increase uneployment and poverty in nigeria,is it fashola,osho or rochas,isn't not jona and d pdp?

Sincere 9gerian:
These outpouring of emotions and foaming at the mouth is unnecessary. Lets stay with the FACTS:

- whose constitutional responsibility is primary school education? It is that of state and local govts. Tell your masters in APC to improve the conditions of primary schools in their states. That will help improve our ranking next time.

- whose constitutional responsibility is it to build strong institutions, reduce corruption, improve infrastructures,etc? It is that of ALL tiers of govt. All tiers of govt have institutions under their care. All tiers of govt have certain category of infrastructures under their care. All tiers of govt should ensure that public servants under their watch are not corrupt.

So frustrated @Gbawe, stay with the facts.

Meanwhile, you didnt have to tell wicked lies. I know you ALWAYS read my posts. In fact, your day is incomplete without a good dose of my posts.

awodman:
My friend stay on the topic and quit insults...

1) Who is responsible for primary education
2) What is the state govts doing with the allocations made for infrastructure
3) Have corruption reduced in states?

The blame should be rightly shared among all tiers of the govt

Gbawe.:


Shut up. Your breath stinks as bad as your unintelligently senseless, crassly dishonest and odiously sycophantic excuses. GEJ is a failure and you cannot pass the buck for his failings on to others. Had this been an improvement in Nigeria's ranking, it is you and your nauseatingly dishonest co-travellers who would make it all about GEJ while spamming the forum to death about how "fresh air is working".

I am really uncomfortable, even if it is only on a faceless forum, being citizens of the same nation with fraudsters like you. You are a disgrace. Do you know I do not even bother to read what you write? That is the level of disregard I have for any utterance you make because I believe you are only capable of mouthing dishonest drivel.

kcjazz: The reason anyone has a right to criticise the government on education is why are we spending huge sums of money on UBE and yet millions of kids are out of school? UBE is good, who is keeping track or not?

Why is the civil service badly inefficient? Visit any ministry in Abuja and be freaked out.

I believe securing property rights will go a long way to solve poverty, reduce business cost and violence. It takes a lot of guts but the government is foot dragging. Why?

Gbawe.:


Shut up and get lost. I have no interest in reading what you write because you are a shameless liar and a very poor excuse of a Nigerian. Talk to those who are interested in your childish hogwash.