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NCCN Challenges WEF Competitiveness Ranking, Says Based On Lagging Indicators

The World Economic Forum (WEF) 2015 Global Competitiveness Index (GCI) rankings which placed Nigeria 127 of the 144 countries assessed is based on lagging indicators, according to the National Competitiveness Council of Nigeria (NCCN).

“The underlying analytical framework of the GCI is based upon lagging indicators that do not reflect one of the most fundamental changes for Nigeria: the rebasing of our economy,” said Chika Mordi, CEO of the NCCN.

“It is instructive to note that Nigeria’s rebased GDP, which the WEF report declared as Africa’s largest economy, was not used in their computations, with negative consequences for our scores,” said Mordi.

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