Nigeria has been ranked 115th position in the Global Competitiveness Index (GCI) 4.0 Rankings 2018, according to the World Economic Forum (WEF) on Wednesday.
The West Africans have an overall score of 47.6 out of a total score of 100; placed 115th out of 140 countries analyzed in the GCI report.
Nigeria moved 10 places up in the rankings having been placed 125th out of 137 countries ranked in 2017.
Concise News understands that the World Economic Forum looks at the ability of a country and its institutions to enable stable economic growth which would be stable in the medium term.
And the Global Competitiveness Index 4.0 is a measure of national competitiveness and it is defined as the set of institutions, factors, and policies that determine the productivity level of a nation.
About 98 indicators were considered in the 140 nations in the GCI report 2018 to determine the rankings