The results of World Economic Forum, WEF’s annual Global Competitiveness Index for 2015/16, released on Wednesday, September 30 placed Nigeria on the 124th spot out the 140 countries evaluated.
Nigeria ranked 127 in 2014, however, the country improves by three places to 124th.
Last year’s revision of GDP is reflected in an increase in market size (up by eight places to 25th), lower government deficit and debt, and decreased national savings.
Despite having the largest economy on the continent, 23 other African countries fared better than Nigeria with Rwanda placing 58, Botswana (71), Morocco (72), Algeria (47), Tunisia (92, Zambia (96), Seychelles (97) and Kenya (99).
