… Now 127th in the world

Despite Nigeria’s current status as Africa’s largest economy, the country slumped in the global competitiveness ranking released on Tuesday.

Africa’s biggest oil producer fell by seven places to 127th position.

According to the 2014-15 Global Competitiveness Report, infrastructure (human and physical) continues to be Nigeria’s toughest challenges.

The report attributed the decline in Nigeria’s global competitiveness “to weakness in public finances (as a result of lower oil exports), continuing institutional frailty and deterioration in national security.”

The outcome, the report said “are similarly mixed for other middle-income countries in the region.

Lesotho (107th) and Cape Verde (114th) registered the largest improvements, while Botswana (74th), Namibia (88th), Zambia (96th), Ghana (111th), Senegal (112th) and Swaziland (123rd) are relatively stable.

Among the oil-exporting economies, Gabon is the highest-ranked economy (106th) followed by Cameroon (116th), Nigeria, Angola (140th) and Chad (143rd).

Among Africa’s low-income economies, Ethiopia recorded the biggest leap, rising nine places to 118th.

The report stated that only three sub-Saharan countries – Mauritius (39th); South Africa (56th) and Rwanda (62nd) are in the top half of the world’s most competitive economies.

read more @ http://newsnownigeria.com.ng/africas-largest-economy-nigeria-drops-in-global-competitiveness-ranking/

We need strong and properly functioning institutions. We need to work towards self sustenance by diversifying. We need to increase local production and produce things of quality that we ourselves can trust so that we can easily sell them to others.

Why won't we
We import everything, even common pencils
South Africa departmental stores litters all around while they pushed ours to the rear. Even in Telecommunications, mtn - crazy swindlers enjoy more pampering than our local gaint - glo.
All we ever care about is Oil, zero effort in the Manufacturing sector, wonder why we have 'Ministry of Commerce and Industry'
Even the Oil, over 3/4 of it is being imported.
We are fast loosing it and this isn't funny.

btw, I'm happy for Angola, they deserve what they are getting right now

No be today. Until we stop deceiving ourselves, there's nothing much that can be done

If them like make them fall 2 999.99th position...mtcheeeeeeeeew

They want to bring us down by all means.

Africa's largest economy with low competitiveness?

More like saying "a big fat man with low punching power."

So?

Rudebwoy: They want to bring us down by all means.

You are bringing your self down by your self jooo.

kk

Africa largest economy ko Africa largest economy ni psheeeee.

chai nigeria don finish see hw small small country like lesotho dey top us..we need to do something asap

Rudebwoy: They want to bring us down by all means.

nobody bring anybody down, na d reality 4 ground b dat

Ahh.... Ehya. Oma se o!

Why won't Nigeria fall 7 places beneath? A country where anything goes will continue to fall till it can fall no more...

Story For The gods

Mismanagement of funds........

The struggle and battle with Boko Haram, Ebola Virus are enough distractions for the country's Economy. Even the political tension and the desperation from the APC is enough to derail any serious minded Gov't and her Economy.


Take a minute and imagine Nigeria without Boko Haram

One thing with our great country is that as we drop somewhere,we pick up somewhere..

Too much dependence on cheap china made products. Very sad.

What's the significance?!
All these their yeye lists wey the us and her allies dey do, dey come out first for.
You can afford not to bring another man down while playing great.

Na we I dey blame sha, any trash that they say or write, we take it as authority.

FG;the body responsible for the ranking may have sold out to APC

Too bad.

.

I know dat gej is trying real hard but dis bokoharam n APC is d problem we have.

bokoharam will destroy d available infrastructure while APC will never say anything good abt Nigeria to d world.

they be d first to take news to d media even when is unconfirmed just to tarnish the FG. now they've tarnished the image of d whole country.
what a shame!!
now see wat they ve caused

1st 2 Comment

Ok

Thats how they did in the FIFA ranking,always trying to bring us down.



















God pass them.

Hmmm...what can I say? #GodBlessNigeria