Nigeria drops to 127 in global competiveness index

The World Economic Forum on Wednesday released the 2015 Global Competitiveness Index report and Nigeria dropped to 127 of the 144 countries assessed.
This thus indicated that the country fell by seven places from the 120 position it occupied last year. The development further shows that Nigeria has remained one of the poorest countries in the world.
The GCI report linked the poor performance to the country’s weakened public finances as a result of lower oil exports. Continue Reading