StatiSense ® - Wale Micaiah ©
Vision 20:2020:Vision 20:2020:Vision 20:2020:Vision 20:2020:Nigeria & the Top20 Most Nigeria & the Top20 Most Nigeria & the Top20 Most Nigeria & the Top20 Most Competitive EconomiesCompetitive EconomiesCompetitive EconomiesCompetitive Economies
Vision 20:2020:Vision 20:2020:Vision 20:2020:Vision 20:2020:Nigeria & the Top 20 Most Nigeria & the Top 20 Most Nigeria & the Top 20 Most Nigeria & the Top 20 Most Competitive EconomiesCompetitive EconomiesCompetitive EconomiesCompetitive Economies
VisionVisionVisionVision 20202020::::2020202020202020 is an articulation of the long-termintent to launch Nigeria onto a path of sustainedsocial and economic progress and accelerate theemergence of a truly prosperous and united Nigeria.
This Vision reflects the intent of the Federal Republicof Nigeria to become one of the top twentyeconomies in the world by the year 2020, with anoverarching growth target of no less than $900 billionin GDP and a per capita income of no less than $4000per annum.
This will not happen suddenly but by gradualevaluation of where we are, now, and takingprogressive and proactive measures to be better.
How is Nigeria economy fairing now compared to theTop 20 Global Competitive countries?
In this study; The World Economic Forum, in theirGlobal Competitiveness Index (GCI) report of 2011 –2012, have identified 20 top economies with a highcompetitive index, this is used in comparison withNigeria economy GCI with the hope of findingsimilarities and disparities, so as to know where theNational Technical Working Groups (NTWGs) canconcentrate efforts to measure up in the next 8years.
Methodology of Study:Methodology of Study:Methodology of Study:Methodology of Study:
The World Economic Forum (WEF); havingidentified some 12 Pillars as metrics to measurecountries/economies competitiveness, theaverage of each pillar for the Top20 economieswill be compared to that of Nigeria in order tofind:
- How far is Nigeria from Vision20:2020- Is Vision20:2020 possible?- What is the expected growth rate to achieve
Vision 20:2020- Any possible alliance with other country to quickly
achieve this?
The 12 Pillars of GCIThe 12 Pillars of GCIThe 12 Pillars of GCIThe 12 Pillars of GCI� Institutions
� Infrastructure
� Macroeconomic Environment
� Health and Primary Education
� Higher Education & Training
� Goods Market Efficiency
� Labor Market Efficiency
� Financial Market Development
� Technological Readiness
� Market Size
� Business Sophistication
� Innovation
BASIC
REQUIREMENTS
EFFICIENCY
ENHANCERS
INNOVATION &
SOPHISTICATION
FACTORS
The Top20 Economies are:The Top20 Economies are:The Top20 Economies are:The Top20 Economies are:Rank Top 20 Economies 2012* 2011 2010 2009 2008
1 Switzerland 5.74 5.63 5.6 5.61 5.62
2 Singapore 5.63 5.48 5.55 5.53 5.45
3 Sweden 5.61 5.56 5.51 5.53 5.54
4 Finland 5.47 5.37 5.43 5.5 5.49
5 United States 5.43 5.43 4.92 5.74 5.67
6 Germany 5.41 5.39 5.37 5.46 5.51
7 Netherlands 5.41 5.33 5.32 5.41 5.4
8 Denmark 5.40 5.32 5.46 5.58 5.55
9 Japan 5.40 5.37 5.37 5.38 5.43
10 United Kingdom 5.39 5.25 5.19 5.3 5.41
11 Hong Kong SAR 5.36 5.3 5.22 5.33 5.37
12 Canada 5.33 5.3 5.33 5.37 5.34
13 Taiwan, China 5.26 5.21 5.2 5.22 5.25
14 Qatar 5.24 5.1 4.95 4.83 4.63
15 Belgium 5.20 5.07 5.09 5.14 5.1
16 Norway 5.18 5.14 5.17 5.22 5.2
17 Saudi Arabia 5.17 4.95 4.75 4.72 4.55
18 France 5.14 5.13 5.13 5.22 5.18
19 Austria 5.14 5.09 5.13 5.23 5.23
20 Australia 5.11 5.11 5.15 5.2 5.17
*Every year, each country is rated on a scale of 1 – 7 using the 12 pillars
Pillar 1: InstitutionPillar 1: InstitutionPillar 1: InstitutionPillar 1: InstitutionRank Country/Economy 2010 2011 2012
1 Switzerland 5.85 5.77 5.78
2 Singapore 6.15 6.13 6.11
3 Sweden 6.10 6.12 6.06
4 Finland 6.05 5.96 5.98
5 United States 4.81 4.67 4.64
6 Germany 5.50 5.50 5.27
7 Netherlands 5.66 5.54 5.61
8 Denmark 6.08 5.84 5.94
9 Japan 4.90 5.08 5.18
10 United Kingdom 5.07 5.28 5.34
11 Hong Kong SAR 5.62 5.73 5.63
12 Canada 5.50 5.55 5.57
13 Taiwan China 4.73 4.82 4.94
14 Qatar 5.69 5.55 5.39
15 Belgium 4.98 4.98 5.03
16 Norway 5.88 5.82 5.74
17 Saudi Arabia 4.84 5.22 5.47
18 France 4.95 5.04 5.00
19 Austria 5.55 5.42 5.24
20 Australia 5.60 5.49 5.39
Top20 Average Score 5.4755 5.4755 5.4655
111 Nigeria 3.34 3.18 3.31
Rank – rank of each country in 2012 report 2010, 2011, 2012 represent Score index for each country on a scale of 1 – 7.
The Average Score Index of
the Top20 economies is
approximately 5.47.
Nigeria with a current 3.31
score index and 4% growth
rate from previous year
would achieve a score index
of 4.53 by Year 2020 which
is far below the average
score index of the Top20 –assuming their economic growth
remain the same.
In reality and by calculation; becoming one of the Top20
economies by Pillar 1: Institution is not practicable
Pillar Pillar Pillar Pillar 2: 2: 2: 2: InfrastructureInfrastructureInfrastructureInfrastructureRank Country/Economy 2010 2011 2012
1 Switzerland 6.35 6.09 6.15
2 Singapore 6.35 6.22 6.33
3 Sweden 5.82 5.76 5.74
4 Finland 5.87 5.59 5.62
5 United States 5.92 5.65 5.68
6 Germany 6.59 6.43 6.35
7 Netherlands 5.74 5.93 6.02
8 Denmark 5.83 5.69 5.89
9 Japan 5.83 5.69 5.69
10 United Kingdom 5.43 5.88 6.09
11 Hong Kong SAR 6.54 6.77 6.71
12 Canada 5.93 5.8 5.88
13 Taiwan China 5.6 5.63 5.62
14 Qatar 4.58 5.24 5.17
15 Belgium 5.58 5.53 5.65
16 Norway 4.95 5 4.95
17 Saudi Arabia 4.63 5.07 5.31
18 France 6.52 6.24 6.3
19 Austria 5.89 5.56 5.64
20 Australia 5.19 5.44 5.43
Top20 Average Score 5.757 5.7605 5.811
135 Nigeria 2.29 2.02 2.21
The Average Score Index of
the Top20 economies over
3yrs is approximately 5.776.
Nigeria Infrastructure is indirectly
proportional to its economic
status, it however grew by 9%
from 2011 to 2012 having fallen by
12% the year before.
If a growth rate of 5% is
maintained, by year 2020 Nigeria
would not have attained a score
index worth any of the Top20. This
is however possible by year 2032
Nigeria current Infrastructure – Electricity, Communication,
Transportation Systems among others – ranks 135 of 142
economies
Pillar Pillar Pillar Pillar 3: Macroeconomic Environment3: Macroeconomic Environment3: Macroeconomic Environment3: Macroeconomic EnvironmentRank Country/Economy 2010 2011 2012
1 Switzerland 5.63 5.81 4.9
2 Singapore 5.24 5.2 5.39
3 Sweden 5.7 5.61 4.2
4 Finland 5.78 5.58 6.45
5 United States 4.31 4.39 4.49
6 Germany 5.28 5.32 5.34
7 Netherlands 5.21 5.29 5.62
8 Denmark 5.71 5.56 6.28
9 Japan 4.22 4.12 6.09
10 United Kingdom 4.6 4.76 5.7
11 Hong Kong SAR 5.67 5.67 5.06
12 Canada 5.24 5.14 5.39
13 Taiwan China 5.34 5.36 4.6
14 Qatar 5.73 5.71 4.54
15 Belgium 4.74 4.56 5.71
16 Norway 5.94 5.43 6.4
17 Saudi Arabia 5.86 5.35 5.43
18 France 4.72 4.98 6.26
19 Austria 5.22 5.3 6.08
20 Australia 5.56 5.55 6.22
Top20 Average Score 5.285 5.2345 5.5075
121 Nigeria 5.43 4.25 3.96
The Average Score Index of
the Top20 economies over
3yrs is approximately 5.34.
Between 2010 and 2012, Nigeria
Macroeconomic Environment
index has dropped by 27%. The
current index of 3.96 is far
below any of the Top20 index for
year 2012, with a 5% growth
rate, it is expected that Nigeria
would measure up with at least
the 5.34 average score before
2020.
Of a truth, the 2010 score index is probably one of the best
achievement for Nigeria, placing her at the 20th position for Pillar 3.
Pillar Pillar Pillar Pillar 4: Health and Primary 4: Health and Primary 4: Health and Primary 4: Health and Primary EducationEducationEducationEducationRank Country/Economy 2010 2011 2012
1 Switzerland 6.1 6.56 6.75
2 Singapore 6.22 6.67 6.32
3 Sweden 6.22 6.41 6.52
4 Finland 6.46 6.75 6.28
5 United States 5.88 6.12 6.05
6 Germany 6.01 6.32 6.54
7 Netherlands 6.22 6.53 6.51
8 Denmark 6.31 6.36 6.53
9 Japan 6.13 6.52 5.78
10 United Kingdom 6.07 6.4 6.51
11 Hong Kong SAR 5.76 6.29 6.58
12 Canada 6.3 6.6 6.24
13 Taiwan China 6.2 6.5 6.37
14 Qatar 6.3 6.43 6.42
15 Belgium 6.43 6.75 6.76
16 Norway 6.16 6.33 6.28
17 Saudi Arabia 5.37 5.64 6.27
18 France 6.22 6.42 6.25
19 Austria 6.14 6.41 6.35
20 Australia 6.18 6.49 6.65
Top20 Average Score 6.134 6.425 6.398
140 Nigeria 2.96 3.00 3.28
This Pillar correlates the fact that the average Nigerian is
estimated to live for about 47years ranking 140 of 142 countries.
The Average Score Index of
the Top20 economies over
3yrs is approximately 6.319.
The Health index of the Nigeria
state is less than 50% that of the
Top20; however, there has been a
considerable growth of 1% from
2010 to 2011 and 9% from 2011
to 2012. With an assumed growth
rate of 5% for subsequent years,
by 2020 Nigeria will still not
measure up to the any of the
Top20.
Pillar Pillar Pillar Pillar 5: Higher Education & 5: Higher Education & 5: Higher Education & 5: Higher Education & TrainingTrainingTrainingTrainingRank Country/Economy 2010 2011 2012
1 Switzerland 5.6 5.79 5.77
2 Singapore 5.62 5.77 5.81
3 Sweden 5.76 5.9 6.09
4 Finland 5.97 6.06 5.75
5 United States 5.57 5.64 5.8
6 Germany 5.07 5.33 5.49
7 Netherlands 5.49 5.63 5.13
8 Denmark 5.9 5.84 5.66
9 Japan 5.06 5.28 5.59
10 United Kingdom 5.17 5.34 4.81
11 Hong Kong SAR 4.74 4.94 5.62
12 Canada 5.5 5.66 4.62
13 Taiwan China 5.43 5.63 5.47
14 Qatar 4.93 4.84 5.73
15 Belgium 5.52 5.71 5.38
16 Norway 5.48 5.59 5.27
17 Saudi Arabia 4.29 4.55 5.75
18 France 5.3 5.36 5.24
19 Austria 5.19 5.38 5.64
20 Australia 5.33 5.53 5.57
Top20 Average Score 5.346 5.4885 5.5095
114 Nigeria 3.03 2.99 3.18
The best of our Tertiary Institutions ranks only with other African
countries with no place in the first 1000 in the world.
The Average Score Index of
the Top20 economies over
3yrs is approximately 5.448.
Vision 20 2020 for Pillar 5 is
statistically not realistic. With
the current trend of meager
investment in the Education
sector, it will take Nigeria at
least 2024 to achieve a score
index worth competing with the
Top20.
Pillar Pillar Pillar Pillar 6: Goods Market 6: Goods Market 6: Goods Market 6: Goods Market EfficiencyEfficiencyEfficiencyEfficiencyRank Country/Economy 2010 2011 2012
1 Switzerland 5.24 5.31 5.06
2 Singapore 5.77 5.65 4.89
3 Sweden 5.27 5.3 4.98
4 Finland 4.98 4.92 4.69
5 United States 5.13 4.81 4.8
6 Germany 5.01 4.97 5.17
7 Netherlands 5.24 5.17 4.84
8 Denmark 5.21 5.1 5.24
9 Japan 5.06 5.06 5.25
10 United Kingdom 4.97 4.96 5.13
11 Hong Kong SAR 5.54 5.57 5.12
12 Canada 5.08 5.11 5.06
13 Taiwan China 5.1 5.09 4.56
14 Qatar 4.96 5.1 4.97
15 Belgium 5.11 5.08 4.89
16 Norway 4.95 4.95 5.04
17 Saudi Arabia 4.79 5.11 4.79
18 France 4.86 4.69 5.41
19 Austria 5.14 5 5.21
20 Australia 5.2 5.02 5.57
Top20 Average Score 5.1305 5.0985 5.0335
73 Nigeria 4.24 3.97 4.18
This appears to be one of the Pillars that Nigeria would not
have to wait till 2020 to realize her dreams
The Average Score Index of
the Top20 economies over
3yrs is approximately 5.088.
By 2016 – with the current
score index and growth rate
of 5% - Nigeria will strongly
compete with any of the
Top20.
Pillar Pillar Pillar Pillar 7: Labor Market Efficiency7: Labor Market Efficiency7: Labor Market Efficiency7: Labor Market EfficiencyRank Country/Economy 2010 2011 2012
1 Switzerland 5.78 5.13 5.86
2 Singapore 5.91 4.75 4.82
3 Sweden 4.91 4.64 4.94
4 Finland 4.85 5.42 5.39
5 United States 5.76 5.47 5.95
6 Germany 4.33 4.85 4.89
7 Netherlands 4.81 4.47 5.67
8 Denmark 5.53 4.4 4.84
9 Japan 5.1 5.82 5.43
10 United Kingdom 5.22 5.08 4.57
11 Hong Kong SAR 5.59 4.83 5.04
12 Canada 5.4 4.97 4.86
13 Taiwan China 4.85 5.03 5.36
14 Qatar 5.04 4.42 4.41
15 Belgium 4.66 5.92 4.76
16 Norway 4.99 4.89 5.04
17 Saudi Arabia 4.33 5.92 4.61
18 France 4.39 4.74 4.38
19 Austria 4.71 5.29 4.71
20 Australia 5.2 5.63 5.57
Top20 Average Score 5.068 5.0835 5.055
70 Nigeria 4.24 3.97 4.18
The Average Score Index of
the Top20 economies over
3yrs is approximately 5.069.
The Labour Market Efficiency
score index of Nigeria will be
ranked among the Top20 before
year 2016 if the current growth
rate is sustained or improved
upon.
Pillar Pillar Pillar Pillar 8: Financial Market Development8: Financial Market Development8: Financial Market Development8: Financial Market DevelopmentRank Country/Economy 2010 2011 2012
1 Switzerland 5.15 5.34 4.76
2 Singapore 5.91 5.76 4.64
3 Sweden 5.17 5.15 4.64
4 Finland 5.33 5.38 5.46
5 United States 4.96 4.67 4.87
6 Germany 4.68 4.62 4.86
7 Netherlands 4.9 4.71 5.38
8 Denmark 5.31 4.94 5.35
9 Japan 4.65 4.61 5.06
10 United Kingdom 4.87 4.73 4.84
11 Hong Kong SAR 5.95 5.85 5.2
12 Canada 5.25 5.16 5.01
13 Taiwan China 4.4 4.63 5
14 Qatar 4.69 4.91 4.94
15 Belgium 4.86 4.64 5.34
16 Norway 5.29 5.35 4.96
17 Saudi Arabia 4.44 4.83 4.54
18 France 4.95 4.96 5.78
19 Austria 4.85 4.74 5.24
20 Australia 5.51 5.45 5.84
Top20 Average Score 5.056 5.0215 5.0855
86 Nigeria 4.37 3.99 3.89
The Average Score Index of
the Top20 economies over
3yrs is approximately 5.054.
There is a downward trend
of -9% and -3% rate from
2010 to 2011 and 2011 to
2012 respectively.
If there is an upturn of this
downward trend with an
assumed 5% growth rate, Vision
20 2020 for pillar 8 is still a
possibility.
Pillar Pillar Pillar Pillar 9: Technological Readiness9: Technological Readiness9: Technological Readiness9: Technological ReadinessRank Country/Economy 2010 2011 2012
1 Switzerland 5.24 5.31 5.06
2 Singapore 5.77 5.65 4.89
3 Sweden 5.27 5.3 4.98
4 Finland 4.98 4.92 4.69
5 United States 5.13 4.81 4.8
6 Germany 5.01 4.97 5.17
7 Netherlands 5.24 5.17 4.84
8 Denmark 5.21 5.1 5.24
9 Japan 5.06 5.06 5.25
10 United Kingdom 4.97 4.96 5.13
11 Hong Kong SAR 5.54 5.57 5.12
12 Canada 5.08 5.11 5.06
13 Taiwan China 5.1 5.09 4.56
14 Qatar 4.96 5.1 4.97
15 Belgium 5.11 5.08 4.89
16 Norway 4.95 4.95 5.04
17 Saudi Arabia 4.79 5.11 4.79
18 France 4.86 4.69 5.41
19 Austria 5.14 5 5.21
20 Australia 5.2 5.02 5.57
Top20 Average Score 5.1305 5.0985 5.0335
106 Nigeria 2.91 3.04 3.08
The Average Score Index of
the Top20 economies over
3yrs is approximately 5.476.
Technological readiness of an
economy is greatly dependent
upon solid infrastructural
development; Nigeria ranks 135
of 142 in 2012 GCI for
Infrastructure, little wonder the
Technological readiness of its
economy is at a very low ebb.
With 5% growth rate; 2024 is
expected to be one of the
Top20.
Pillar Pillar Pillar Pillar 10: Market Size10: Market Size10: Market Size10: Market SizeRank Country/Economy 2010 2011 2012
1 Switzerland 4.56 5.12 4.56
2 Singapore 4.53 4.59 4.59
3 Sweden 4.63 4.77 4.15
4 Finland 4.23 5.46 4.21
5 United States 6.93 4.25 4.51
6 Germany 6.02 4.15 4.3
7 Netherlands 5.12 5.76 4.76
8 Denmark 4.32 6.01 5.1
9 Japan 6.17 4.74 5.44
10 United Kingdom 5.82 6.11 4.92
11 Hong Kong SAR 4.73 5.1 5.1
12 Canada 5.47 4.34 3.86
13 Taiwan China 5.16 3.75 5.77
14 Qatar 3.61 4.97 6
15 Belgium 4.83 4.51 4.58
16 Norway 4.35 4.58 6.12
17 Saudi Arabia 4.88 4.54 4.78
18 France 5.78 5.15 5.74
19 Austria 4.62 5.8 5.21
20 Australia 5.1 6.93 6.92
Top20 Average Score 5.043 5.0315 5.031
34 Nigeria 4.49 4.65 4.59
The Average Score Index of
the Top20 economies over
3yrs is approximately 5.035.
Nigeria is the 7th largest Nation in
terms of population but not
economy. This Pillar is currently
Nigeria’s most competitive
advantage, however a larger
percentage of the populace are
not benefiting from this
advantage due to inherent
challenge in basic development at
the grass root and national level.
With 5% economic growth rate;
by 2015 Nigeria will rank among
Top20 economies
Pillar Pillar Pillar Pillar 11: Business Sophistication11: Business Sophistication11: Business Sophistication11: Business SophisticationRank Country/Economy 2010 2011 2012
1 Switzerland 5.81 5.81 5.3
2 Singapore 5.2 5.1 5.46
3 Sweden 5.66 5.88 5.91
4 Finland 5.4 5.29 5.04
5 United States 5.65 5.4 5.35
6 Germany 5.82 5.82 5.58
7 Netherlands 5.54 5.55 4.67
8 Denmark 5.51 5.41 5.82
9 Japan 5.89 5.92 5.11
10 United Kingdom 5.24 5.32 5.23
11 Hong Kong SAR 5.19 5.01 4.91
12 Canada 5.12 5.03 5.53
13 Taiwan China 5.22 5.17 5.14
14 Qatar 4.55 4.85 5.41
15 Belgium 5.28 5.24 5.4
16 Norway 5.12 5.17 5.27
17 Saudi Arabia 4.61 4.91 5.66
18 France 5.3 5.18 4.99
19 Austria 5.54 5.46 5.83
20 Australia 4.79 4.67 5.13
Top20 Average Score 5.322 5.3095 5.337
64 Nigeria 4 3.79 3.96
The Average Score Index of
the Top20 economies over
3yrs is approximately 5.323.
The indexes for Business
Sophistication is quite
encouraging; this goal is
realizable by 2019 if 5%
growth rate could be
achieved in subsequent
years.
Pillar Pillar Pillar Pillar 12: Innovation12: Innovation12: Innovation12: InnovationRank Country/Economy 2010 2011 2012
1 Switzerland 5.56 5.6 4.83
2 Singapore 5.09 5.04 4.79
3 Sweden 5.39 5.45 5.59
4 Finland 5.53 5.56 4.53
5 United States 5.77 5.65 5.57
6 Germany 5.11 5.19 5.03
7 Netherlands 4.79 4.77 4.48
8 Denmark 5.04 4.89 5.77
9 Japan 5.51 5.52 4.16
10 United Kingdom 4.6 4.65 5.27
11 Hong Kong SAR 3.86 3.91 5.07
12 Canada 4.8 4.87 5.1
13 Taiwan China 5.28 5.29 4.72
14 Qatar 3.65 4.11 4.94
15 Belgium 4.62 4.59 5.72
16 Norway 4.53 4.49 4.69
17 Saudi Arabia 3.7 3.92 5.39
18 France 4.5 4.48 4.18
19 Austria 4.46 4.48 5.76
20 Australia 4.43 4.41 5.33
Top20 Average Score 4.811 4.8435 5.046
82 Nigeria 3.06 2.87 3.01
The Average Score Index of
the Top20 economies over
3yrs is approximately 4.900.
The innovative ability of
Nigeria according to the
current score index is about
60% of the average Score index
of the Top20 economies.
The least innovative country
being Japan and the most is
Denmark
Current Growth Trend of the Top20 EconomiesCurrent Growth Trend of the Top20 EconomiesCurrent Growth Trend of the Top20 EconomiesCurrent Growth Trend of the Top20 Economies
From above, the lower score indexes have higher probability of achieving at least a 2.5% growth rate. This gives Nigeria the
possibility of achieving her Vision 20:2020 goals if she can achieve more than 5% yearly growth rate per Pillar.
% Growth from
2011 - 2012
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Switzerland 0.17% 0.99% 8.09% -0.46% 0.17% -1.32% 0.51% 0.19% 12.50% -0.66% 0.17% 3.04%
Singapore -0.33% 1.77% 19.62% -0.30% 0.00% -1.42% -1.01% 1.39% 10.28% 1.11% 0.59% 5.75%
Sweden -0.98% -0.35% 8.38% -0.94% -1.53% -1.70% -1.43% 1.75% 2.78% 0.22% -0.85% 5.69%
Finland 0.34% 0.54% 2.33% 0.15% 0.50% -0.61% 1.86% -0.74% 11.22% 0.00% 2.08% 2.88%
United States -0.64% 0.53% 2.28% -1.14% -1.24% -0.21% -1.07% 4.28% 2.55% -0.14% -0.93% -1.42%
Germany -4.18% -1.24% 2.07% -0.79% 7.50% -3.62% 0.23% -1.73% 4.66% -0.17% -2.75% 3.85%
Netherlands 1.26% 1.52% 0.95% 0.15% 0.53% 0.00% 0.21% 3.18% 2.34% 0.00% 0.54% 5.45%
Denmark 1.71% 3.51% -3.06% -1.89% -1.54% -0.78% -1.46% 1.42% 10.32% -0.94% 2.22% 4.29%
Japan 1.97% 0.00% 1.94% 0.00% -0.19% -1.58% -0.79% 0.65% 3.90% 0.16% -0.17% 1.27%
United Kingdom 1.14% 3.57% -4.62% 0.31% 2.43% 0.20% 1.32% 4.44% 8.96% -0.52% 1.69% 6.24%
Hong Kong SAR -1.75% -0.89% 10.41% -0.64% 3.85% -2.87% -2.58% -1.20% 2.52% 0.42% -0.40% 6.91%
Canada 0.36% 1.38% -1.56% -0.30% -1.24% 0.20% 0.18% 0.78% 5.06% -0.37% -2.39% 4.11%
Taiwan China 2.49% -0.18% 6.34% 0.15% 0.18% 0.79% -0.63% 4.54% 0.79% 1.17% 1.16% -0.38%
Qatar -2.88% -1.34% 12.08% -2.33% -4.55% -1.18% -3.38% 1.02% 6.76% 2.93% 8.66% 14.11%
Belgium 1.00% 2.17% 7.46% 0.00% 0.70% -0.39% -0.65% 2.59% 11.11% 0.21% 1.15% 5.23%
Norway -1.37% -1.00% 18.78% -0.79% -1.79% -5.25% -1.61% 2.06% 9.35% -0.92% -2.51% 0.89%
Saudi Arabia 4.79% 4.73% 13.83% 2.48% 5.71% 2.74% 3.39% 4.76% 3.84% -1.01% 4.07% 6.12%
France -0.79% 0.96% -7.63% -0.78% -2.24% -2.77% -2.01% 0.81% 6.63% -0.35% -0.77% 5.36%
Austria -3.32% 1.44% 1.70% -1.40% 0.00% -2.20% 0.21% -2.11% 6.09% -0.22% 0.00% 6.92%
Australia -1.82% -0.18% 1.26% 0.31% 1.63% -3.59% -1.75% -1.28% 2.82% -0.39% 0.00% 1.59%
Nigeria 4.09% 9.41% -6.82% 9.33% 6.35% 5.29% 0.23% -2.51% 1.32% -1.29% 4.49% 4.88%
AlliancesAlliancesAlliancesAlliances� The countries with most probable alliance are Saudi
Arabia and Qatar. Saudi Arabia achieved positive growthin 10 of the 12 Pillars while Qatar achieved 5.
� On the other hand, Nigeria could partner with individualcountry based on their area of competitive advantage;Singapore & Norway for growth in her MacroeconomicEnvironment, Belgium & Finland for TechnologiesReadiness, Saudi Arabia & Australia/UK for Health andPrimary Education, etc. – pg20.
� All countries except Taiwan, China have appreciablegrowth in Technological Readiness
Catching up with the Top20 EconomiesCatching up with the Top20 EconomiesCatching up with the Top20 EconomiesCatching up with the Top20 EconomiesNo. Pillar @5% @4% @3% @2% @1%
1 Institutions 2023 2025 2029 2037 2062
2 Infrastructure 2031 2036 2044 2059 2100
3 Macroeconomic Environment |--------------------Already achieved--------------------|
4 Health and Primary Education 2027 2031 2037 2049 2086
5 Higher Education & Training 2024 2027 2032 2041 2069
6 Goods Market Efficiency 2016 2017 2019 2022 2032
7 Labor Market Efficiency 2015 2016 2017 2019 2026
8 Financial Market Development 2015 2016 2017 2020 2027
9 Technological Readiness 2026 2029 2034 2045 2077
10 Market Size 2015 2015 2016 2018 2032
11 Business Sophistication 2018 2020 2022 2027 2041
12 Innovation 2022 2024 2028 2035 2058
For instance; In subsequent years, if Nigeria experience a 5% growth rate in
Pillar 2: Institution, by 2023 Nigeria will be ranked among the Top20
economies.
Similarly; at 5% growth rate, Nigeria would only rank among Top20 economies in
Macroeconomic Environment, Goods Market Efficiency, Labor Market Efficiency,
Financial Market Development, Market Size and Business Sophistication by 2020.
StatiSense ® - Wale Micaiah ©
Freely share, freely use and freely acknowledge the source – © Wale Micaiah
Data source:
- The World Economic Forum https://www.weforum.org/
- WEF_GlobalCompetitivenessReport_2011 – 2012
- WEF_GlobalCompetitivenessReport_2010-11
- WEF_GlobalCompetitivenessReport_2009-2010fullreport
- Nigeria Vision 20:2020, Economic Transformation Blueprint
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