UPward Trajectory....

Nigeria Moves 125th Among World's Competitive Economies
Nigeria has moved two steps upward among the competitive economies in the world, according to the latest ranking by the World Economic Forum, WEF.

BY PREMIUM TIMES SEP 27, 2017


Nigeria has moved two steps upward among the competitive economies in the world, according to the latest ranking by the World Economic Forum, WEF.

Nigeria is now 125th out of the 137 economies that the ranking covers; it occupied the 127th position in last year’s ranking.

This is the first time the country’s ranking has gone up since 2012, according to the WEF’s Global Competitiveness Report released on Tuesday.

The report, however, stated that the country’s macroeconomic conditions worsened, having gone 12 step-downward to 122nd position.

Inflation in Nigeria, according to the report, is high at 15.7 percent. On this, the country is ranked 131st.

The report put Nigeria’s budget deficit at 4.4 percent and ranked the country 99th in this regards.

“Institutions (in Nigeria) appear more fragile (125th, down seven), adding uncertainty to the business environment,” the report stated.

“Nigeria is struggling to adapt to lower commodity prices, with the potential for structural change impeded by low scores on infrastructure (132nd), technological readiness (112th, down seven), higher education (116th), and innovation capacity (112th)."

“However, new prudential requirements have strengthened the banking sector’s soundness, and the Economic Recovery and Growth Plan (ERGP) for 2017–2020 contains much-needed reforms on transport and power infrastructure, the business environment, and education investment,” the report stated.

From the WEF ranking, Nigeria has only fared a little better than a few sub-Saharan African countries like Democratic Republic of Congo (126th), Burundi (129th), Sierra Leone (130th), Chad (135th) and Liberia (134th), while several other sub-Saharan African countries like Cameroon (116th), Ghana (111th), Gambia (117th), and Uganda (114th) are better off than Nigeria.

Mauritius and Rwanda, at 45th and 58th positions respectively, are ranked higher than South Africa (61th).

Switzerland maintains its number one spot as the most competitive economy in the world.

The 10 most competitive world’s economies are Switzerland, the U.S, Singapore, the Netherlands, Germany, Hong Kong, Sweden, the U.K, Japan, and Finland.

China and Russia are ranked 27th and 38th respectively.

WEF said this year’s report came out in the context of recovering global growth, but that many countries were still facing challenges such as disruptive inequalities; rising protectionism and a backlash against globalization; and the challenges and uncertainties of the Fourth Industrial Revolution, with its innovation and technological change.

The report is produced annually from data obtained from leading international sources.

“However, new prudential requirements have strengthened the banking sector’s soundness, and the Economic Recovery and Growth Plan (ERGP) for 2017–2020 contains much-needed reforms on transport and power infrastructure, the business environment, and education investment,” the report stated.

Watch out for Nigeria by next year (2018). With the recession now behind us and the inflation rate falling, the eagle is about to soar..................

God Bless PMB
God Bless Osinbajo
God Bless Nigeria

.

This is the first time the country’s ranking has gone up since 2012, according to the WEF’s Global Competitiveness Report released on Tuesday.


Remeber the lies of being the largest economy with no improvement in Key Indicators like these? That is what happens when an IMF stooge and incompetent corruptus combines propaganda, stealing and lies as economic strategy

Shameless people, Nigeria climbed 2 steps higher because countries like Congo DR and Burundi went downwards because of political crises and uncertainty, simply means Nigeria is still where they are, 2 countries that was above them dropped down for obvious reasons.


Every other thing was in the negative, shame!

vedaxcool:
This is the first time the country’s ranking has gone up since 2012, according to the WEF’s Global Competitiveness Report released on Tuesday.


Remeber the lies of being the largest economy with no improvement in Key Indicators like these? That is what happens when an IMF stooge and incompetent corruptus combines propaganda, stealing and lies as economic strategy

Nigeria was classified by Standard and Poors as positive from stable economy.

Nigeria also was third fasted growing economy in world, behind only to China and Qatar in 2013 and classified among the next emerging global economy power bloc known as BRINKS.

Seems as if Lai Mohammed is related to you by blood.

deji17:
“However, new prudential requirements have strengthened the banking sector’s soundness, and the Economic Recovery and Growth Plan (ERGP) for 2017–2020 contains much-needed reforms on transport and power infrastructure, the business environment, and education investment,” the report stated.

Watch out for Nigeria by next year (2018). With the recession now behind us and the inflation rate falling, the eagle is about to soar..................

God Bless PMB
God Bless Osinbajo
God Bless Nigeria

God bless Nigeria.

If you read the report you'll be ashamed of being a Nigerian

7lives:


God bless Nigeria.

A big and a resounding Amen....

From the WEF ranking, Nigeria has only fared a little better than a few sub-Saharan African countries like Democratic Republic of Congo (126th), Burundi (129th), Sierra Leone (130th), Chad (135th) and Liberia (134th), ""while several other sub-Saharan African countries like Cameroon (116th), Ghana (111th), Gambia (117th), and Uganda (114th) are better off than Nigeria.""

Can you imagine what the above zombies are celebrating? Common Uganda, Gambia and Cameroon dey top us.

Apc and Bullhari are clueless and useless.

[s]

luvinhubby:


Nigeria was classified by Standard and Poors as positive from stable economy.

Nigeria also was third fasted growing economy in world, behind only to China and Qatar in 2013 and classified among the next emerging global economy power bloc known as BRINKS.

Seems as if Lai Mohammed is related to you by blood.

[/s]

Comprehension deficit is hindering this one from coherently explaining himself he sounds like a drunk trying to be rational ... hiccups standards and poor hiccup brinks hiccups economic power.

start from .. the last time Nigeria moved up was 2012 despite being a 500B dollar economy there was no real attempt to ensure competitiveness in the economy just living off the glory of oil.

[s]

DrChukzy:
From the WEF ranking, Nigeria has only fared a little better than a few sub-Saharan African countries like Democratic Republic of Congo (126th), Burundi (129th), Sierra Leone (130th), Chad (135th) and Liberia (134th), ""while several other sub-Saharan African countries like Cameroon (116th), Ghana (111th), Gambia (117th), and Uganda (114th) are better off than Nigeria.""

Can you imagine what the above zombies are celebrating? Common Uganda, Gambia and Cameroon dey top us.

Apc and Bullhari are clueless and useless.

[/s]


The thing pain am ohh... GEJ your lord of corruption most supreme was not clueless when he couldn't move Nigeria up despite having an Obscene high priced oil to use... no sense to even attempt to improve doing business in Nigeria nothing. On the contrary it is gej his shameless supporters or stealing and corruption that useless inept and disgraceful elements.

vedaxcool:
[s][/s]


The thing pain am ohh... GEJ your lord of corruption most supreme was not clueless when he couldn't move Nigeria up despite having an Obscene high priced oil to use... no sense to even attempt to improve doing business in Nigeria nothing. On the contrary it is gej his shameless supporters or stealing and corruption that useless inept and disgraceful elements.

Oil price bla bla bla bla.... I guess GEJ caused the recession in 1984 too.

Zombies will always be Zombies sha

Please stop parading fake statistics up and down .

[s]

DrChukzy:

Oil price bla bla bla bla.... I guess GEJ caused the recession in 1984 too.

Zombies will always be Zombies sha

[/s]

I won't blame you for guessing GEJs existence is a curse to humanity.... cownu piglets and idiots will always be what they are.

noted. . . . . . . . . . check my signature ⬇️⬇️⬇️