How Competitive is the Nigerian Economy Compared to its Peers in Africa?
According to the WEF, a country’s performance on the overall GCI results as well as each of its components is reported as a ‘progress score’ on a 0-to-100 scale, where 100 represents the ‘frontier’, an ideal state where an issue ceases to be a constraint to productivity growth. This means that the more a country moves closer to 100 points, the better it is for her. The 2019 edition of the report therefore focuses on 141 economies of the world which account for 99% of the world’s GDP.