Nigeria drops to 127th position in global competitiveness

Despite being Africa’s largest economy, Nigeria’s global competitiveness has dropped seven places to 127th position.According to the Global Competitiveness Report 2014-2015, Infrastructure (human and physical) continue to be Nigeria’s toughest challenges.The report attributed the decline in global competitiveness “to weakness in public finances (as a result of lower oil exports), continuing institutional frailty and deterioration…