Nigeria moves 10 places up in global competitiveness index



By Bunmi Bailey
October 17, 2018


Africa’s biggest economy has moved up by ten places ranking 115th position globally from its previous 125th position, according to the latest Global Competitiveness 4.0 2018 Report of the World Economic Forum (WEF) released today.

According to the WEF annual report that analyzed 140 countries, Nigeria scored 47.6 out of a total score of 100. The new Global Competitiveness Index 4.0 which measures national competitiveness, defined it as the set of institutions, policies and factors that determine the level of productively of a nation.
The report looked at 98 indicators across 140 countries to determine the overall ranking and to signify how close an economy is to the ideal state or “frontier” of competitiveness.

The indicators which were then organized into 12 pillars are health, skills, financial system, infrastructure, institutions, ICT adoption, macroeconomic stability, product market, labour market, ,market size, business dynamism and innovation capacity.

Nigeria scored 42 in the institution indicator, 42 in infrastructure, 26 in ICT adoption, 56 in macroeconomic stability, 51 in health and 40 in skills.

In addition, it scored 52, 59, 44, 71, 55 and 31 in product market, labour market, financial system, market size , business dynamism and innovation capacity respectively.

The WEF ,this year used a new methodology to fully capture the new emerging dynamics of what fuels the global economy, which means including some other indicators that were not included before, such as diversity, workers rights, re-skilling, and press freedom.

The new index sheds light on an emerging set of drivers of productivity and long-term growth in the era of the Fourth Industrial Revolution. It provides a much-needed compass for policy-makers and other stakeholders to help shape economic strategies and monitor progress.

https://www.businessdayonline.com/business-economy/article/nigeria-moves-10-places-global-competitiveness-index/

419 competitiveness?

Kudos to the government on this great news slow but steady we will get there.

Sall:
Kudos to the government on this great news slow but steady we will get there.

You can say that again bro.
You are one of the great people we have on this forum.
#RESPECT

Another achievement for the Buhari administration..... Dem no go mention say they have managed to keep us below the first 100




Plus making us the poverty capital of the world....they have even recruited Keyamo to confuse us the more

post=72186288:
Gradually, we will get there.

GOD BLESS OUR PRESIDENT MUHAMMADU BUHARI

Buhari is really doing a great job.

KanwuliaMama:
419 competitiveness?

How is any of this 419? They rated 140 countries..

Work is ongoing on Bodo-Bonny Road by Julius Berger. A 34 km long road going through low lying marshy and swampy area...Construction of cross culverts, creek bridges of about 600m length and a major river bridge of about 800m length.

PMB At Work - South South Nigeria

Refreshing news indeed.

Most of our economic indices are looking up but such news are a hard-sell these days since vendors have to satisfy their customers' apetite for negative publicity lest they go under.

I believed in Baba 11 years ago, I still do today and always will until he says he's done with politics and leadership.

Forget all the e-noise to the contrary, we know better.

Sai Baba!

Something is smelling good like Barbecue....

Mynd44, hope all is well?!

nice one

cooldipo:
Another achievement for the Buhari administration..... Dem no go mention say they have managed to keep us below the first 100




Plus making us the poverty capital of the world....they have even recruited Keyamo to confuse us the more

We were in last five under PDP! This +10 is in the last survey. We are getting there

Corrinthians:
Refreshing news indeed.

Most of our economic indices are looking up but such news are a hard-sell these days since vendors have to satisfy their customers' apetite for negative publicity lest they go under.

I believed in Baba 11 years ago, I still do today and always will until he says he's done with politics and leadership.

Forget all the e-noise to the contrary, we know better.

Sai Baba!

Therefore,
We stand with BUHARI

Thanks to God and PMB government

michoim:
Thanks to God and PMB government

We can only thank God for the good, hardworking and honest President he has given us.

Gradually

But surely

Biggest economy without nothing to show for it.. I stand for a better Nigeria where there will be no terrorism and tribalism and of course, a better living for all Nigerians.

KanwuliaMama:
419 competitiveness?

. Yes now, but if its the other way against the country, you would be glad to throw all sort of abuse to Buhari. This mentality is serious sign of aggressive madness , change your ways.

Sponsored article and poorly drafted.
This part is the strangest of them all.

The WEF ,this year used a new methodology to fully capture the new emerging dynamics of what fuels the global economy, which means including some other indicators that were not included before, such as diversity, workers rights, re-skilling, and press freedom

And this reminds of no work, no salary and harassment of journalists

kolaaderin:
. Yes now, but if its the other way against the country, you would be glad to throw all sort of abuse too

You have time replying such people.
Good news is like poison to them.
They only rejoice when they read bad news about their country.
GOD BLESS NIGERIA.

Slowly, tactfully, smartly, we shall SURELY get there.
Enemies of the country, those who got us into this sorry state (PDP AND CO) can drink otapiapia, or jump into the famous LAGOON COS SAI BUHARI 2019-2023

mycar:
Sponsored article

In 2014 under PDP, Nigeria was 127. Do the maths...

God Bless President Muhammad Buhari.

kindnyce:
Slowly, tactfully, smartly, we shall SURELY get there.
Enemies of the country, those who got us into this sorry state (PDP AND CO) can drink otapiapia, or jump into the famous LAGOON COS SAI BUHARI 2019-2023

Yes o.
You are so on point!