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Nairaland Forum / Nairaland / General / Business / Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking (14823 Views)
Nigeria Drops To 127th Place On The Global Competitive Index / Nigeria Overtakes South-Africa As Continent's Largest Economy / Nigeria Hopes To Topple South Africa As Africa's Largest Economy (2) (3) (4)
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Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by solaugo(m): 9:11pm On Sep 03, 2014 |
… 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/ 2 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by eleojo23: 4:50am On Sep 04, 2014 |
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. 7 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by stinggy(m): 4:50am On Sep 04, 2014 |
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 32 Likes 1 Share |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by cellors: 4:50am On Sep 04, 2014 |
No be today. Until we stop deceiving ourselves, there's nothing much that can be done 4 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Realrex(m): 4:52am On Sep 04, 2014 |
If them like make them fall 2 999.99th position...mtcheeeeeeeeew 4 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Nobody: 4:52am On Sep 04, 2014 |
They want to bring us down by all means. 5 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Nobody: 4:53am On Sep 04, 2014 |
Africa's largest economy with low competitiveness? More like saying "a big fat man with low punching power." 16 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by osystein(m): 4:54am On Sep 04, 2014 |
So? |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by cole265(m): 4:56am On Sep 04, 2014 |
Rudebwoy: They want to bring us down by all means. You are bringing your self down by your self jooo. 7 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Nobody: 4:57am On Sep 04, 2014 |
kk |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by cole265(m): 4:58am On Sep 04, 2014 |
Africa largest economy ko Africa largest economy ni psheeeee. 2 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by kuninsce(m): 4:58am On Sep 04, 2014 |
chai nigeria don finish see hw small small country like lesotho dey top us..we need to do something asap 1 Like |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Xzbit91: 5:04am On Sep 04, 2014 |
Rudebwoy: They want to bring us down by all means.nobody bring anybody down, na d reality 4 ground b dat 2 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Dexpro: 5:05am On Sep 04, 2014 |
Ahh.... Ehya. Oma se o! 1 Like |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by lymelyte(m): 5:05am On Sep 04, 2014 |
Why won't Nigeria fall 7 places beneath? A country where anything goes will continue to fall till it can fall no more... 3 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Ina2k(m): 5:05am On Sep 04, 2014 |
Story For The gods |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Estimable(m): 5:07am On Sep 04, 2014 |
Mismanagement of funds........ 3 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by LMAyedun(m): 5:07am On Sep 04, 2014 |
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 15 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Mutuwa(m): 5:11am On Sep 04, 2014 |
One thing with our great country is that as we drop somewhere,we pick up somewhere.. 1 Like |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Amanwulu1(m): 5:14am On Sep 04, 2014 |
Too much dependence on cheap china made products. Very sad. 2 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by fr3do(m): 5:16am On Sep 04, 2014 |
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. 2 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by dridowu: 5:24am On Sep 04, 2014 |
FG;the body responsible for the ranking may have sold out to APC 2 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by slimpoppa(m): 5:25am On Sep 04, 2014 |
Too bad. |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Blaqsmith(m): 5:28am On Sep 04, 2014 |
. |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by Austindark(m): 5:28am On Sep 04, 2014 |
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 2 Likes |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by philtex(m): 5:30am On Sep 04, 2014 |
1st 2 Comment |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by CharlieMaria(m): 5:30am On Sep 04, 2014 |
Ok |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by iluvweed(m): 5:32am On Sep 04, 2014 |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by udemzyudex(m): 5:34am On Sep 04, 2014 |
Thats how they did in the FIFA ranking,always trying to bring us down. God pass them. |
Re: Africa’s Largest Economy, Nigeria, Drops In Global Competitiveness Ranking by ultraawesome(m): 5:36am On Sep 04, 2014 |
Hmmm...what can I say? #GodBlessNigeria 1 Like |
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