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…
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