Facebook Parliamentarians! Hmmm..............., Nigeria In Another Global Ranking Dilemma! The World Economic Forum, WEF, yesterday released the 2015 Global Competitiveness Index, GCI rankings, in which Nigeria ranked 127 of the 144 countries assessed. The top five nation according to the release are; Switzerland (1st) for the sixth consecutive year, Singapore remains (2nd), United State of America (3rd), Finland (4th) and Germany (5th) In a sharp and strongly-worded reaction to the ranking, the National Competitiveness Council of Nigeria, NCCN, said it recognises the fundamental importance of continuing in its mission to improve Nigeria’s international competitiveness and address constructive portions highlighted in the ranking Index. It contended that it is increasingly clear that a perception gap exists between the way some ranking agencies view Nigeria and the reality on the ground of steadily improving trends. The NCCN also said it has begun to take steps to redress this misalignment between perception and reality both internally and externally. It said Nigeria’s foreign direct investment, FDI, remains the largest in Africa, stating that a recent Wall Street Journal list of multinational CEOs ranked Nigeria first among emerging market investment destinations. The country also outperformed peers like South Africa and Ghana in macroeconomic stability reflected in stable exchange rates, single digit inflation, fiscal restraint, low debt levels and lower poverty levels. According to the reality of Nigeria economy and the level of poverty (either high or low) among Nigerians, do you agree with the World Economic Forum (WEF) or National Competitiveness Council of Nigeria (NCCN)? Dont you think that this ranking of Nigeria to be 127 out of 144 is bias considering the latest rebase of our economy which put us as the largest economy in Africa? Good morning Nigerians!!!
Posted on: Thu, 04 Sep 2014 08:38:53 +0000
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