Monday, November 6, 2017 4.00pm/Proshare WebTV
The National Competitiveness Council of
Nigeria (NCCN) focused on boosting the competitive advantage of the nation,
last Thursday launched the first ever Sub-National Competitiveness Index for
Nigeria in Lagos.
At the event hosted in the Intercontinental Hotel, Victoria Island, Lagos the launch brought together key players in the socio-economic space of the nation.
CEO of the NCCN Mr Chika Mordi said the Index served as a potent tool for catalysing business friendly policies, that will spur job-rich growth in Nigeria’s 36 States. Mordi was of the view that the index played a vital role in emphasizing the role of States in driving the socio-economic growth of Nigeria.
From the maiden Sub-National Competitiveness Index launched, Lagos State emerged the overall most competitive State, leading all the States in the country in the total rankings.
The Index which had various Pillars for ranking all the States, featured interesting revelations that have performed in various categories listed.
In the area of the major Pillar rankings Human Capital, Infrastructure, Economy, Institutions-Delta, Rivers, Lagos and Niger emerged the leaders respectively in the NCCN Index ranking.
Looking at the Human Capital Sub-Pillars like Education, Health, Migration, Other Labour Related Issues-Abia, Lagos, Federal Capital Territory(Abuja) and Zamfara topped the index respectively.
For the Infrastructure Sub-Pillars namely; Quality of Roads, Electricity, Airport, Telecoms, Water Management, Waste Management- Jigawa, Benue, Enugu-FCT-Kano-Lagos-Rivers(joint leaders Airport), FCT(Abuja), Zamfara and Lagos respectively, were outstanding in the infrastructure categories.
The Economy category which is vital to assess growth and development had as its Sub-Pillars; State Finances Ranking, Business Sophistication Ranking, Access to Finance, Tax Ranking saw Rivers, Katsina, Lagos and Kebbi all clinching top spots respectively.
Understanding the importance of institutions in ensuring stability and effective governance, the Institutions category featured rankings for Security and Instability, Transparency, Bribery and Corruption, Permits Ranking, Justice, Government Policy & Contracting; Zamfara, Katsina, Kebbi, Sokoto, Delta and Niger States were identified by the index respectively as the leaders.