Nigeria global competitiveness index   infrastructure (2006 - 2012)
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Nigeria global competitiveness index infrastructure (2006 - 2012)

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Second pillar: Infrastructure Extensive and efficient infrastructure is critical for ensuring the effective functioning of the economy, as it is an important factor in determining the location of ...

Second pillar: Infrastructure Extensive and efficient infrastructure is critical for ensuring the effective functioning of the economy, as it is an important factor in determining the location of economic activity and the kinds of activities or sectors that can develop in a particular instance. Well-developed infrastructure reduces the effect of distance between regions, integrating the national market and connecting it at low cost to markets in other countries and regions.

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    Nigeria global competitiveness index   infrastructure (2006 - 2012) Nigeria global competitiveness index infrastructure (2006 - 2012) Presentation Transcript

    • Nigeria Global Competitive Index:Infrastructure 2006- 2006-2012 StatiSense ® - Wale Micaiah ©
    • The World Economic Forum (WEF) Geneva,Switzerland produces a yearly report to measurecountries and regions competitiveness amongNations of the world using Global CompetitivenessIndex (GCI)This presentation focuses on Nigeria’s GCI ratingfrom 2006 – 2012 on the 2nd Pillar: Infrastructure Pillar: Infrastructure,for the purpose of knowing how quality ourInfrastructure are over a period of 7years as thiswould help know where more efforts need to beapplied in order to achieved better growth anddevelopment.2nd Pillar: Infrastructure Pillar:
    • The 12 Pillars of GCI Institutions Infrastructure BASIC REQUIREMENTS Macroeconomic Environment Health and Primary Education Higher Education & Training Goods Market Efficiency Labor Market Efficiency EFFICIENCY Financial Market Development ENHANCERS Technological Readiness Market Size Business Sophistication Innovation INNOVATION & SOPHISTICATION FACTORS
    • Extensive and efficient Infrastructure is critical for ensuring the effectivefunctioning of the economy, as it is an important factor in determining thelocation of economic activity and the kinds of activities or sectors that candevelop in a particular instance.Well-developed infrastructure: Reduces the effect of distance between regions, Integrates national markets, Connects at low cost markets in other countries and regions, Impacts economic growth, Reduces income inequalities and poverty in a variety of ways, Enables goods and services to market in a secure and timely manner, Facilitate the movement of workers to the most suitable jobs.Economies also depend on electricity supplies that are free of interruptionsand shortages so that businesses and factories can work unimpeded. Finally,a solid and extensive telecommunications network allows for a rapid andfree flow of information, which increases overall economic efficiency byhelping to ensure that businesses can communicate and decisions are madeby economic actors taking into account all available relevant information.
    • There were 9 indicators used in measuring the strength of Nigeria’sInfrastructure: Quality of overall infrastructure Quality of roads Quality of railroad infrastructure Quality of port infrastructure Quality of air transport infrastructure Available airline seat kms/week, millions Quality of electricity supply Mobile telephone subscriptions/100 pop. Fixed telephone lines/100 pop. Each indicator were ranked (based on the number of countries surveyed) and scored from 1-7, 1 being the least. Except for Quality of railroad infrastructure which was measured in 2011 and 2012, all other indicators were measured from 2006 to 2012.
    • Nigeria Ranking & Scores Year Country Count Rank Score Effort 2006-2007 121 95 2.42 21.49% 2007-2008 131 119 2.20 9.16% 2008-2009 134 120 2.24 10.45% 2009-2010 133 127 2.29 4.51% 2010-2011 139 135 2.02 2.88% 2011-2012 142 135 2.21 4.93% 2012-2013 144 130 2.28 9.72% Effort = 1 – C3/C2Nigeria’s best effort was made in 2006 with a 21.49% performance,ever since, there has been consistent deterioration in the rankingsas well as scores. However, between 2010 and 2012, somemeasure of growth were experienced. As at today, Nigeria ranks130th of 144 countries in terms of infrastructural development.
    • Scores, being measured from 1 – 7, with 1 being the worst performance and7 the best, it is safe to assume that a minimum benchmark should be 3.5 soas to focus on indicators which are below this value.The following indicators reflects areas where attention are most need: Indicators 2006 2007 2008 2009 2010 2011 2012 Infrastructure 2.42 2.20 2.24 2.29 2.02 2.21 2.28 Quality of overall infrastructure 2.63 2.35 2.38 2.43 2.42 3.03 3.23 Quality of roads 2.41 2.21 2.32 2.55 2.39 2.72 2.77 Quality of railroad infrastructure 1.58 1.89 Quality of port infrastructure 3.05 2.69 2.62 2.80 2.98 3.31 3.55 Quality of air transport infrastructure 3.91 3.54 4.22 4.35 3.88 3.85 4.00 Quality of electricity supply 1.93 1.69 1.56 1.46 1.34 1.45 1.69 A closer look at the above shows a downward trend in the score of Indicator: Quality of electricity supply, with worst performance in both Quality of Electricity supply and Quality of railroad infrastructure.
    • Indicators 2006 2007 2008 2009 2010 2011 2012Infrastructure 2.42 2.20 2.24 2.29 2.02 2.21 2.28Quality of roads 2.41 2.21 2.32 2.55 2.39 2.72 2.77Quality of railroad infrastructure 1.58 1.89Quality of electricity supply 1.93 1.69 1.56 1.46 1.34 1.45 1.69Amongst others, these three deserve urgent attention: Quality of roads ------- 114/144 (2012) Quality of railroad infrastructure ------- 95/144 (2012) Quality of electricity supply ----- ------- 138/144 (2012) Several road accidents attest to the level ofdeterioration in Nigeria roads. With a population of over 160million, Nigeria produces less than 5,000MegaWatt of electricity!
    • It is worth mentioning that the indicator: Quality of air transportinfrastructure, scores highest with 4.00 of 7.In light of recent accidents, this achievement is contestable followingabout 3 air mishaps in 2012 involving a commercial airline (Lagos)where over 152 passengers lost their lives and 2 involving a Policehelicopter (Jos) and a Naval aircraft (Bayelsa). 5.00 4.50 4.00 3.50 Quality of overall infrastructure 3.00 Quality of roads 2.50 Quality of railroad infrastructure 2.28 Quality of port infrastructure 2.00 Quality of air transport infrastructure Quality of electricity supply 1.50 1.00 0.50 0.00 1 2 3 4 5 6 7 Average point 2012 score
    • Nigeria currently ranks 130th of 144Nations in Infrastructural development, withthe quality of resources Nigeria is endowedwith, this is definitely an aberration.If the Government and other Stakeholdersconcentrates on improving the Quality ofRoads,Roads the Quality of Railroad and theSupply of Electricity Electricity, Nigeria wouldexperience some measurable developmentswhich would eventually lead to betterscores and ranking.
    • 2006 7 6 2012 5 2007 4 3 2 1 Average Nigeria2011 2008 2010 2009
    • Data source:- The World Economic Forum https://www.weforum.org/- The Global Competitiveness Index 2012-2013 data platform Freely share, freely use and freely acknowledge the source – © Wale Micaiah Analysis by: Wale Micaiah e: walegate@yahoo.com m: 08078001800 b: walemicaiah.blog.com w. www.statisense.info StatiSense ® - Wale Micaiah ©