Global Competitiveness of Nigeria

Running Head: GLOBAL COMPETITIVENESS OF NIGERIA
Global Competitiveness of Nigeria
Name of the Student
Name of the University
Author Note

1GLOBAL COMPETITIVESS OF NIGERIA
Abstract
The aim of the report is to deal with the report will deal with the chosen country Nigeria and
evaluate the three efficiency enhancing factors such as higher education and training,
technological readiness and market size. The report further provides detailed description on how
these factors can enhance Nigeria ‘s competitiveness and concludes by giving a recommendation
for the issues.

2GLOBAL COMPETITIVESS OF NIGERIA
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Nigeria: Country Overview.....................................................................................................2
Factors that enhance the competitiveness of a country...........................................................3
Evaluation of the efficiency enhancers in Nigerian Context...................................................5
Recommendation-............................................................................................................................6
Conclusion.......................................................................................................................................7

3GLOBAL COMPETITIVESS OF NIGERIA
Introduction
The global competitiveness is nothing but an economic knowledge field that analyzes the
policies and facts which helps to shape a nation’s ability to initiate and retain an atmosphere that
sustains more value creation for its organizations and more prosperity for the people of the
country. The World Economic Forum describes that global competitiveness is the ability of a
particular country to attain high rates of sustained growth in the GDP (gross domestic product)
per capita (Comin, 2017). There are so many factors that affect the global competitiveness of a
country and the government is the most important factor. Among other factors that determine the
economic condition of a country, the trade wars between nations, rise of inflations on goods and
commodities have great impact on the global businesses.
The inflation issues and the unexpected drops in the currencies subsequently affect
people around the world. However, there are some efficiency enhancing factors too by which
countries can sustain such sudden turmoil. The present report will deal with the chosen country
Nigeria and evaluate the three efficiency enhancing factors such as higher education and training,
technological readiness and market size. The report will further provide detailed description on
how these factors can enhance Nigeria ‘s competitiveness and conclude by giving a
recommendation for the issues.
Discussion
Nigeria: Country Overview
In the African continent, Nigeria is the 14th largest country with a population of 189
million people and is the home to more than 250 ethnic groups. The country is famous for the