Nigeria dream of becoming one of the Top20 economies by year 2020 hence the Vision 20:2020. How can this goal be achieved except the Nigeria government have a yearly growth plan. See details in this publication.

1. Vision 20:2020:
Nigeria & the Top20 Most
Competitive Economies
StatiSense ® - Wale Micaiah ©

2. Vision 20:2020:
Nigeria & the Top 20 Most
Competitive Economies

3. Vision 20:2020 is an articulation of the long-term
20:
intent to launch Nigeria onto a path of sustained
social and economic progress and accelerate the
emergence of a truly prosperous and united Nigeria.
This Vision reflects the intent of the Federal Republic
of Nigeria to become one of the top twenty
economies in the world by the year 2020, with an
overarching growth target of no less than $900 billion
in GDP and a per capita income of no less than $4000
per annum.
This will not happen suddenly but by gradual
evaluation of where we are, now, and taking
progressive and proactive measures to be better.

4. How is Nigeria economy fairing now compared to the
Top 20 Global Competitive countries?
In this study; The World Economic Forum, in their
Global Competitiveness Index (GCI) report of 2011 –
2012, have identified 20 top economies with a high
competitive index, this is used in comparison with
Nigeria economy GCI with the hope of finding
similarities and disparities, so as to know where the
National Technical Working Groups (NTWGs) can
concentrate efforts to measure up in the next 8years.

5. Methodology of Study:
The World Economic Forum (WEF); having
identified some 12 Pillars as metrics to measure
countries/economies competitiveness, the
average of each pillar for the Top20 economies
will be compared to that of Nigeria in order to
find:
- How far is Nigeria from Vision20:2020
- Is Vision20:2020 possible?
- What is the expected growth rate to achieve
Vision 20:2020
- Any possible alliance with other country to quickly
achieve this?

6. 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 &
SOPHISTICATION
Innovation FACTORS

7. The Top20 Economies are:
Rank Top 20 Economies 2012* 2011 2010 2009 2008
1 Switzerland 5.74 5.63 5.6 5.61 5.62
2 Singapore 5.63 5.48 5.55 5.53 5.45
3 Sweden 5.61 5.56 5.51 5.53 5.54
4 Finland 5.47 5.37 5.43 5.5 5.49
5 United States 5.43 5.43 4.92 5.74 5.67
6 Germany 5.41 5.39 5.37 5.46 5.51
7 Netherlands 5.41 5.33 5.32 5.41 5.4
8 Denmark 5.40 5.32 5.46 5.58 5.55
9 Japan 5.40 5.37 5.37 5.38 5.43
10 United Kingdom 5.39 5.25 5.19 5.3 5.41
11 Hong Kong SAR 5.36 5.3 5.22 5.33 5.37
12 Canada 5.33 5.3 5.33 5.37 5.34
13 Taiwan, China 5.26 5.21 5.2 5.22 5.25
14 Qatar 5.24 5.1 4.95 4.83 4.63
15 Belgium 5.20 5.07 5.09 5.14 5.1
16 Norway 5.18 5.14 5.17 5.22 5.2
17 Saudi Arabia 5.17 4.95 4.75 4.72 4.55
18 France 5.14 5.13 5.13 5.22 5.18
19 Austria 5.14 5.09 5.13 5.23 5.23
20 Australia 5.11 5.11 5.15 5.2 5.17
*Every year, each country is rated on a scale of 1 – 7 using the 12 pillars

8. Pillar 1: Institution
Rank Country/Economy 2010 2011 2012 The Average Score Index of
1 Switzerland 5.85 5.77 5.78
2 Singapore 6.15 6.13 6.11 the Top20 economies is
3 Sweden 6.10 6.12 6.06
4 Finland 6.05 5.96 5.98
approximately 5.47.
5 United States 4.81 4.67 4.64
6 Germany 5.50 5.50 5.27
7 Netherlands 5.66 5.54 5.61 Nigeria with a current 3.31
8 Denmark 6.08 5.84 5.94
9 Japan 4.90 5.08 5.18 score index and 4% growth
10 United Kingdom 5.07 5.28 5.34
11 Hong Kong SAR 5.62 5.73 5.63 rate from previous year
12
13
Canada
Taiwan China
5.50
4.73
5.55
4.82
5.57
4.94
would achieve a score index
14 Qatar 5.69 5.55 5.39 of 4.53 by Year 2020 which
15 Belgium 4.98 4.98 5.03
16 Norway 5.88 5.82 5.74 is far below the average
17 Saudi Arabia 4.84 5.22 5.47
18 France 4.95 5.04 5.00 score index of the Top20 –
19 Austria 5.55 5.42 5.24 assuming their economic growth
20 Australia 5.60 5.49 5.39
remain the same.
Top20 Average Score 5.4755 5.4755 5.4655
111 Nigeria 3.34 3.18 3.31
In reality and by calculation; becoming one of the Top20
economies by Pillar 1: Institution is not practicable
Rank – rank of each country in 2012 report 2010, 2011, 2012 represent Score index for each country on a scale of 1 – 7.

9. Pillar 2: Infrastructure
Rank Country/Economy 2010 2011 2012 The Average Score Index of
1 Switzerland 6.35 6.09 6.15
2 Singapore 6.35 6.22 6.33 the Top20 economies over
3 Sweden 5.82 5.76 5.74
4 Finland 5.87 5.59 5.62
3yrs is approximately 5.776.
5 United States 5.92 5.65 5.68
6 Germany 6.59 6.43 6.35
7 Netherlands 5.74 5.93 6.02 Nigeria Infrastructure is indirectly
8 Denmark 5.83 5.69 5.89 proportional to its economic
9 Japan 5.83 5.69 5.69
10 United Kingdom 5.43 5.88 6.09 status, it however grew by 9%
11 Hong Kong SAR 6.54 6.77 6.71 from 2011 to 2012 having fallen by
12 Canada 5.93 5.8 5.88
13 Taiwan China 5.6 5.63 5.62 12% the year before.
14 Qatar 4.58 5.24 5.17
15 Belgium 5.58 5.53 5.65
16 Norway 4.95 5 4.95 If a growth rate of 5% is
17 Saudi Arabia 4.63 5.07 5.31 maintained, by year 2020 Nigeria
18 France 6.52 6.24 6.3
19 Austria 5.89 5.56 5.64 would not have attained a score
20 Australia 5.19 5.44 5.43 index worth any of the Top20. This
Top20 Average Score 5.757 5.7605 5.811
is however possible by year 2032
135 Nigeria 2.29 2.02 2.21
Nigeria current Infrastructure – Electricity, Communication,
Transportation Systems among others – ranks 135 of 142
economies

10. Pillar 3: Macroeconomic Environment
Rank Country/Economy 2010 2011 2012 The Average Score Index of
1 Switzerland 5.63 5.81 4.9
2 Singapore 5.24 5.2 5.39 the Top20 economies over
3
4
Sweden
Finland
5.7
5.78
5.61
5.58
4.2
6.45
3yrs is approximately 5.34.
5 United States 4.31 4.39 4.49
6 Germany 5.28 5.32 5.34
7 Netherlands 5.21 5.29 5.62
Between 2010 and 2012, Nigeria
8 Denmark 5.71 5.56 6.28 Macroeconomic Environment
9 Japan 4.22 4.12 6.09 index has dropped by 27%. The
10 United Kingdom 4.6 4.76 5.7
11 Hong Kong SAR 5.67 5.67 5.06 current index of 3.96 is far
12 Canada 5.24 5.14 5.39 below any of the Top20 index for
13 Taiwan China 5.34 5.36 4.6
14 Qatar 5.73 5.71 4.54 year 2012, with a 5% growth
15 Belgium 4.74 4.56 5.71 rate, it is expected that Nigeria
16 Norway 5.94 5.43 6.4
17 Saudi Arabia 5.86 5.35 5.43
would measure up with at least
18 France 4.72 4.98 6.26 the 5.34 average score before
19 Austria 5.22 5.3 6.08
5.56 5.55 6.22
2020.
20 Australia
Top20 Average Score 5.285 5.2345 5.5075
121 Nigeria 5.43 4.25 3.96
Of a truth, the 2010 score index is probably one of the best
achievement for Nigeria, placing her at the 20th position for Pillar 3.

11. Pillar 4: Health and Primary Education
Rank Country/Economy 2010 2011 2012
1 Switzerland 6.1 6.56 6.75 The Average Score Index of
6.22 6.67 6.32
2
3
Singapore
Sweden 6.22 6.41 6.52
the Top20 economies over
4 Finland 6.46 6.75 6.28 3yrs is approximately 6.319.
5 United States 5.88 6.12 6.05
6 Germany 6.01 6.32 6.54
7 Netherlands 6.22 6.53 6.51 The Health index of the Nigeria
8 Denmark 6.31 6.36 6.53
9 Japan 6.13 6.52 5.78 state is less than 50% that of the
10 United Kingdom 6.07 6.4 6.51 Top20; however, there has been a
11 Hong Kong SAR 5.76 6.29 6.58
12 Canada 6.3 6.6 6.24
considerable growth of 1% from
13 Taiwan China 6.2 6.5 6.37 2010 to 2011 and 9% from 2011
14 Qatar 6.3 6.43 6.42 to 2012. With an assumed growth
15 Belgium 6.43 6.75 6.76
16 Norway 6.16 6.33 6.28 rate of 5% for subsequent years,
17 Saudi Arabia 5.37 5.64 6.27 by 2020 Nigeria will still not
18 France 6.22 6.42 6.25
19 Austria 6.14 6.41 6.35 measure up to the any of the
20 Australia 6.18 6.49 6.65 Top20.
Top20 Average Score 6.134 6.425 6.398
140 Nigeria 2.96 3.00 3.28
This Pillar correlates the fact that the average Nigerian is
estimated to live for about 47years ranking 140 of 142 countries.

12. Pillar 5: Higher Education & Training
Rank Country/Economy 2010 2011 2012
1 Switzerland 5.6 5.79 5.77 The Average Score Index of
5.62 5.77 5.81
2
3
Singapore
Sweden 5.76 5.9 6.09
the Top20 economies over
4 Finland 5.97 6.06 5.75 3yrs is approximately 5.448.
5 United States 5.57 5.64 5.8
6 Germany 5.07 5.33 5.49
7 Netherlands 5.49 5.63 5.13 Vision 20 2020 for Pillar 5 is
8 Denmark 5.9 5.84 5.66
9 Japan 5.06 5.28 5.59 statistically not realistic. With
10 United Kingdom 5.17 5.34 4.81 the current trend of meager
11 Hong Kong SAR 4.74 4.94 5.62
12 Canada 5.5 5.66 4.62
investment in the Education
13 Taiwan China 5.43 5.63 5.47 sector, it will take Nigeria at
14 Qatar 4.93 4.84 5.73 least 2024 to achieve a score
15 Belgium 5.52 5.71 5.38
16 Norway 5.48 5.59 5.27 index worth competing with the
17 Saudi Arabia 4.29 4.55 5.75 Top20.
18 France 5.3 5.36 5.24
19 Austria 5.19 5.38 5.64
20 Australia 5.33 5.53 5.57
Top20 Average Score 5.346 5.4885 5.5095
114 Nigeria 3.03 2.99 3.18
The best of our Tertiary Institutions ranks only with other African
countries with no place in the first 1000 in the world.

13. Pillar 6: Goods Market Efficiency
Rank Country/Economy 2010 2011 2012
1 Switzerland 5.24 5.31 5.06 The Average Score Index of
5.77 5.65 4.89
2
3
Singapore
Sweden 5.27 5.3 4.98
the Top20 economies over
4 Finland 4.98 4.92 4.69 3yrs is approximately 5.088.
5 United States 5.13 4.81 4.8
6 Germany 5.01 4.97 5.17
7 Netherlands 5.24
5.21
5.17
5.1
4.84
5.24
By 2016 – with the current
8 Denmark
9 Japan 5.06 5.06 5.25 score index and growth rate
10 United Kingdom 4.97 4.96 5.13
11 Hong Kong SAR 5.54 5.57 5.12 of 5% - Nigeria will strongly
12 Canada 5.08 5.11 5.06 compete with any of the
13 Taiwan China 5.1 5.09 4.56
14 Qatar 4.96 5.1 4.97 Top20.
15 Belgium 5.11 5.08 4.89
16 Norway 4.95 4.95 5.04
17 Saudi Arabia 4.79 5.11 4.79
18 France 4.86 4.69 5.41
19 Austria 5.14 5 5.21
20 Australia 5.2 5.02 5.57
Top20 Average Score 5.1305 5.0985 5.0335
73 Nigeria 4.24 3.97 4.18
This appears to be one of the Pillars that Nigeria would not
have to wait till 2020 to realize her dreams

14. Pillar 7: Labor Market Efficiency
Rank Country/Economy 2010 2011 2012
1 Switzerland 5.78 5.13 5.86
2 Singapore 5.91 4.75 4.82 The Average Score Index of
Sweden 4.91 4.64 4.94
3
4 Finland 4.85 5.42 5.39
the Top20 economies over
5 United States 5.76 5.47 5.95 3yrs is approximately 5.069.
6 Germany 4.33 4.85 4.89
7 Netherlands 4.81 4.47 5.67
8 Denmark 5.53 4.4 4.84 The Labour Market Efficiency
9 Japan 5.1 5.82 5.43
10 United Kingdom 5.22 5.08 4.57
score index of Nigeria will be
11 Hong Kong SAR 5.59 4.83 5.04 ranked among the Top20 before
12 Canada 5.4 4.97 4.86 year 2016 if the current growth
13 Taiwan China 4.85 5.03 5.36
14 Qatar 5.04 4.42 4.41 rate is sustained or improved
15 Belgium 4.66 5.92 4.76 upon.
16 Norway 4.99 4.89 5.04
17 Saudi Arabia 4.33 5.92 4.61
18 France 4.39 4.74 4.38
19 Austria 4.71 5.29 4.71
20 Australia 5.2 5.63 5.57
Top20 Average Score 5.068 5.0835 5.055
70 Nigeria 4.24 3.97 4.18

15. Pillar 8: Financial Market Development
Rank Country/Economy 2010 2011 2012
1 Switzerland 5.15 5.34 4.76 The Average Score Index of
5.91 5.76 4.64
2
3
Singapore
Sweden 5.17 5.15 4.64
the Top20 economies over
4 Finland 5.33 5.38 5.46 3yrs is approximately 5.054.
5 United States 4.96 4.67 4.87
6 Germany 4.68 4.62 4.86
7 Netherlands 4.9
5.31
4.71
4.94
5.38
5.35
There is a downward trend
8 Denmark
9 Japan 4.65 4.61 5.06 of -9% and -3% rate from
10 United Kingdom 4.87 4.73 4.84
11 Hong Kong SAR 5.95 5.85 5.2 2010 to 2011 and 2011 to
12 Canada 5.25 5.16 5.01 2012 respectively.
13 Taiwan China 4.4 4.63 5
14 Qatar 4.69 4.91 4.94
15 Belgium 4.86 4.64 5.34 If there is an upturn of this
16 Norway 5.29 5.35 4.96
17 Saudi Arabia 4.44 4.83 4.54 downward trend with an
18 France 4.95 4.96 5.78 assumed 5% growth rate, Vision
19 Austria 4.85 4.74 5.24
20 Australia 5.51 5.45 5.84
20 2020 for pillar 8 is still a
Top20 Average Score 5.056 5.0215 5.0855 possibility.
86 Nigeria 4.37 3.99 3.89

16. Pillar 9: Technological Readiness
Rank Country/Economy 2010 2011 2012
1 Switzerland 5.24 5.31 5.06 The Average Score Index of
5.77 5.65 4.89
2
3
Singapore
Sweden 5.27 5.3 4.98
the Top20 economies over
4 Finland 4.98 4.92 4.69 3yrs is approximately 5.476.
5 United States 5.13 4.81 4.8
6 Germany 5.01 4.97 5.17
7 Netherlands 5.24 5.17 4.84 Technological readiness of an
8 Denmark 5.21 5.1 5.24
9 Japan 5.06 5.06 5.25 economy is greatly dependent
10 United Kingdom 4.97 4.96 5.13 upon solid infrastructural
11 Hong Kong SAR 5.54 5.57 5.12
12 Canada 5.08 5.11 5.06
development; Nigeria ranks 135
13 Taiwan China 5.1 5.09 4.56 of 142 in 2012 GCI for
14 Qatar 4.96 5.1 4.97 Infrastructure, little wonder the
15 Belgium 5.11 5.08 4.89
16 Norway 4.95 4.95 5.04 Technological readiness of its
17 Saudi Arabia 4.79 5.11 4.79 economy is at a very low ebb.
18 France 4.86 4.69 5.41
19 Austria 5.14 5 5.21
20 Australia 5.2 5.02 5.57 With 5% growth rate; 2024 is
Top20 Average Score 5.1305 5.0985 5.0335
expected to be one of the
106 Nigeria 2.91 3.04 3.08 Top20.

17. Pillar 10: Market Size
Rank Country/Economy 2010 2011 2012
1 Switzerland 4.56 5.12 4.56 The Average Score Index of
4.53 4.59 4.59
2
3
Singapore
Sweden 4.63 4.77 4.15
the Top20 economies over
4 Finland 4.23 5.46 4.21 3yrs is approximately 5.035.
5 United States 6.93 4.25 4.51
6 Germany 6.02 4.15 4.3
7 Netherlands 5.12 5.76 4.76 Nigeria is the 7th largest Nation in
8 Denmark 4.32 6.01 5.1
9 Japan 6.17 4.74 5.44 terms of population but not
10 United Kingdom 5.82 6.11 4.92 economy. This Pillar is currently
11 Hong Kong SAR 4.73 5.1 5.1
12 Canada 5.47 4.34 3.86
Nigeria’s most competitive
13 Taiwan China 5.16 3.75 5.77 advantage, however a larger
14 Qatar 3.61 4.97 6 percentage of the populace are
15 Belgium 4.83 4.51 4.58
16 Norway 4.35 4.58 6.12 not benefiting from this
17 Saudi Arabia 4.88 4.54 4.78 advantage due to inherent
18 France 5.78 5.15 5.74
19 Austria 4.62 5.8 5.21 challenge in basic development at
20 Australia 5.1 6.93 6.92 the grass root and national level.
Top20 Average Score 5.043 5.0315 5.031
34 Nigeria 4.49 4.65 4.59 With 5% economic growth rate;
by 2015 Nigeria will rank among
Top20 economies

18. Pillar 11: Business Sophistication
Rank Country/Economy 2010 2011 2012
1 Switzerland 5.81 5.81 5.3 The Average Score Index of
5.2 5.1 5.46
2
3
Singapore
Sweden 5.66 5.88 5.91
the Top20 economies over
4 Finland 5.4 5.29 5.04 3yrs is approximately 5.323.
5 United States 5.65 5.4 5.35
6 Germany 5.82 5.82 5.58
7 Netherlands 5.54
5.51
5.55
5.41
4.67
5.82
The indexes for Business
8 Denmark
9 Japan 5.89 5.92 5.11 Sophistication is quite
10 United Kingdom 5.24 5.32 5.23
11 Hong Kong SAR 5.19 5.01 4.91 encouraging; this goal is
12 Canada 5.12 5.03 5.53 realizable by 2019 if 5%
13 Taiwan China 5.22 5.17 5.14
14 Qatar 4.55 4.85 5.41 growth rate could be
15 Belgium 5.28 5.24 5.4
16 Norway 5.12 5.17 5.27
achieved in subsequent
17 Saudi Arabia 4.61 4.91 5.66 years.
18 France 5.3 5.18 4.99
19 Austria 5.54 5.46 5.83
20 Australia 4.79 4.67 5.13
Top20 Average Score 5.322 5.3095 5.337
64 Nigeria 4 3.79 3.96

19. Pillar 12: Innovation
Rank Country/Economy 2010 2011 2012
1 Switzerland 5.56 5.6 4.83 The Average Score Index of
5.09 5.04 4.79
2
3
Singapore
Sweden 5.39 5.45 5.59
the Top20 economies over
4 Finland 5.53 5.56 4.53 3yrs is approximately 4.900.
5 United States 5.77 5.65 5.57
6 Germany 5.11 5.19 5.03
7 Netherlands 4.79 4.77 4.48 The innovative ability of
8 Denmark 5.04 4.89 5.77
9 Japan 5.51 5.52 4.16 Nigeria according to the
10 United Kingdom 4.6 4.65 5.27 current score index is about
11 Hong Kong SAR 3.86 3.91 5.07
12 Canada 4.8 4.87 5.1 60% of the average Score index
13 Taiwan China 5.28 5.29 4.72 of the Top20 economies.
14 Qatar 3.65 4.11 4.94
15 Belgium 4.62 4.59 5.72
16 Norway 4.53 4.49 4.69 The least innovative country
17 Saudi Arabia 3.7 3.92 5.39
18 France 4.5 4.48 4.18 being Japan and the most is
19 Austria 4.46 4.48 5.76 Denmark
20 Australia 4.43 4.41 5.33
Top20 Average Score 4.811 4.8435 5.046
82 Nigeria 3.06 2.87 3.01

20. Current Growth Trend of the Top20 Economies
Macroeconomi
c Environment
Goods Market
Sophistication
Infrastructure
Labor Market
Technological
Development
Education &
% Growth from
Market Size
Institutions
Health and
Innovation
Readiness
Education
Efficiency
Efficiency
Financial
Business
Training
2011 - 2012
Primary
Market
Higher
Country/Economy
Switzerland 0.17% 0.99% 8.09% -0.46% 0.17% -1.32% 0.51% 0.19% 12.50% -0.66% 0.17% 3.04%
Singapore -0.33% 1.77% 19.62% -0.30% 0.00% -1.42% -1.01% 1.39% 10.28% 1.11% 0.59% 5.75%
Sweden -0.98% -0.35% 8.38% -0.94% -1.53% -1.70% -1.43% 1.75% 2.78% 0.22% -0.85% 5.69%
Finland 0.34% 0.54% 2.33% 0.15% 0.50% -0.61% 1.86% -0.74% 11.22% 0.00% 2.08% 2.88%
United States -0.64% 0.53% 2.28% -1.14% -1.24% -0.21% -1.07% 4.28% 2.55% -0.14% -0.93% -1.42%
Germany -4.18% -1.24% 2.07% -0.79% 7.50% -3.62% 0.23% -1.73% 4.66% -0.17% -2.75% 3.85%
Netherlands 1.26% 1.52% 0.95% 0.15% 0.53% 0.00% 0.21% 3.18% 2.34% 0.00% 0.54% 5.45%
Denmark 1.71% 3.51% -3.06% -1.89% -1.54% -0.78% -1.46% 1.42% 10.32% -0.94% 2.22% 4.29%
Japan 1.97% 0.00% 1.94% 0.00% -0.19% -1.58% -0.79% 0.65% 3.90% 0.16% -0.17% 1.27%
United Kingdom 1.14% 3.57% -4.62% 0.31% 2.43% 0.20% 1.32% 4.44% 8.96% -0.52% 1.69% 6.24%
Hong Kong SAR -1.75% -0.89% 10.41% -0.64% 3.85% -2.87% -2.58% -1.20% 2.52% 0.42% -0.40% 6.91%
Canada 0.36% 1.38% -1.56% -0.30% -1.24% 0.20% 0.18% 0.78% 5.06% -0.37% -2.39% 4.11%
Taiwan China 2.49% -0.18% 6.34% 0.15% 0.18% 0.79% -0.63% 4.54% 0.79% 1.17% 1.16% -0.38%
Qatar -2.88% -1.34% 12.08% -2.33% -4.55% -1.18% -3.38% 1.02% 6.76% 2.93% 8.66% 14.11%
Belgium 1.00% 2.17% 7.46% 0.00% 0.70% -0.39% -0.65% 2.59% 11.11% 0.21% 1.15% 5.23%
Norway -1.37% -1.00% 18.78% -0.79% -1.79% -5.25% -1.61% 2.06% 9.35% -0.92% -2.51% 0.89%
Saudi Arabia 4.79% 4.73% 13.83% 2.48% 5.71% 2.74% 3.39% 4.76% 3.84% -1.01% 4.07% 6.12%
France -0.79% 0.96% -7.63% -0.78% -2.24% -2.77% -2.01% 0.81% 6.63% -0.35% -0.77% 5.36%
Austria -3.32% 1.44% 1.70% -1.40% 0.00% -2.20% 0.21% -2.11% 6.09% -0.22% 0.00% 6.92%
Australia -1.82% -0.18% 1.26% 0.31% 1.63% -3.59% -1.75% -1.28% 2.82% -0.39% 0.00% 1.59%
Nigeria 4.09% 9.41% -6.82% 9.33% 6.35% 5.29% 0.23% -2.51% 1.32% -1.29% 4.49% 4.88%
From above, the lower score indexes have higher probability of achieving at least a 2.5% growth rate. This gives Nigeria the
possibility of achieving her Vision 20:2020 goals if she can achieve more than 5% yearly growth rate per Pillar.

21. Alliances
The countries with most probable alliance are Saudi
Arabia and Qatar. Saudi Arabia achieved positive growth
in 10 of the 12 Pillars while Qatar achieved 5.
On the other hand, Nigeria could partner with individual
country based on their area of competitive advantage;
Singapore & Norway for growth in her Macroeconomic
Environment, Belgium & Finland for Technologies
Readiness, Saudi Arabia & Australia/UK for Health and
Primary Education, etc. – pg20.
All countries except Taiwan, China have appreciable
growth in Technological Readiness

22. Catching up with the Top20 Economies
No. Pillar @5% @4% @3% @2% @1%
1 Institutions 2023 2025 2029 2037 2062
2 Infrastructure 2031 2036 2044 2059 2100
3 Macroeconomic Environment |--------------------Already achieved--------------------|
4 Health and Primary Education 2027 2031 2037 2049 2086
5 Higher Education & Training 2024 2027 2032 2041 2069
6 Goods Market Efficiency 2016 2017 2019 2022 2032
7 Labor Market Efficiency 2015 2016 2017 2019 2026
8 Financial Market Development 2015 2016 2017 2020 2027
9 Technological Readiness 2026 2029 2034 2045 2077
10 Market Size 2015 2015 2016 2018 2032
11 Business Sophistication 2018 2020 2022 2027 2041
12 Innovation 2022 2024 2028 2035 2058
For instance; In subsequent years, if Nigeria experience a 5% growth rate in
Pillar 2: Institution, by 2023 Nigeria will be ranked among the Top20
economies.
Similarly; at 5% growth rate, Nigeria would only rank among Top20 economies in
Macroeconomic Environment, Goods Market Efficiency, Labor Market Efficiency,
Financial Market Development, Market Size and Business Sophistication by 2020.

23. Data source:
- The World Economic Forum https://www.weforum.org/
- WEF_GlobalCompetitivenessReport_2011 – 2012
- WEF_GlobalCompetitivenessReport_2010-11
- WEF_GlobalCompetitivenessReport_2009-2010fullreport
- Nigeria Vision 20:2020, Economic Transformation Blueprint
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
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