Despite a series of reforms to improve the economic conditions and business competiveness in Nigeria, the country still trails smaller African countries like Ghana, Cameroun and Kenya in global competiveness.
The Global Competitiveness Report (GCR) Index 2012-2013 released by the World Economic Forum (WEF) indicated that Nigeria ranked 115th out of 144 countries assessed - behind Ghana, Kenya and Cameroun, which ranked higher at 103rd, 106th and 112th positions respectively. Only Benin Republic trailed Nigeria with a ranking of 119th while South Africa ranked 52nd globally, making it the most competitive in Africa.
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