The World Economic Forum in its 2018 Global Competitiveness Index, ranked Nigeria 115 out of 140 countries. This means it moved ten places upward from its 2017/2018 ranking of 125 out of 137 countries.
According to the new ranking, Nigeria improved in four(4) of twelve (12) ranking pillars, namely;

1.Infrastructure
2.Health
3.Business Dynamism
4.Innovation Capability

The current GCI ranking template has the following twelve (12) as pillars for assessment;

1. Institutions
3. ICT Adoption
4.Macroeconomic environment
6.Skill
7.Product .Market
8.Labour Market
9.Financial System
10.Market Size
11.Business Dynamism
12.Innovation capability

Nigeria was ranked 127 out of 138 countries in the 2016/2017 edition report and 124 out of 140 in the 2015/2016 GCI ranking.
Areas that Nigeria will require improvement in the 2018 GCI competitiveness report, include;

1. Institutions
2. ICT Adoption
3.Macroeconomic environment
4.Skill
5.Product Market
6.Labour Market
7.Financial System
8.Market Size