One of the factors that distinguishes Nations across the globe is their level of competitiveness. The Global Competitive Index developed by the World Economic Forum has its indicators and components for ranking.
Some of the components include Stable Macro-economic policy, Well Structured Infrastructure, Strong financial market, Quality of Labor force, Quality of Education/Healthcare and Strong Institutions.
In this edition of the WebTV 'Economy and Politics' Ottoabasi Abasiekong takes a look at how Nigeria is repositioning itself to be competitive through reforms and key programs, considering its poor ranking as 120 out of 144 countries by the current GCI index.
It also has a special feature of strategic economist and analyst Mr Foluso Phillips, Chairman of the Nigerian Economic Summit Group (NESG) , who speaks on the components, role of institutions and investments in skills and entreprise development.