Nigeria dropped five places from last year’s 115th position to 120th among the 148 countries profiled.
The GCI, which was introduced in 2004, measures how the set of institutions, policies, and other factors determine the level of productivity of a country. The GCI scores is calculated by drawing together the 12 pillars of competitiveness namely: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.
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