The Nation Ranked 127th on Global Competitive Index

Vanguard

10 August 2011

The Nation Ranked 127th on Global Competitive Index

Lagos — The World Economic Forum has ranked Nigeria 127 of 139 countries on the 2010 and 2011 Global Competitive Index even as Ghana was ranked 114.

Director General, Securities and Exchange Commission, SEC, Arunma Oteh, who disclosed this in a keynote address, Tuesday , at the Audit Committee 2011 annual conference, said South Africa was ranked 54, Brazil, 58 while Malaysia was 26.

In the area of corporate governance, a major pillar of the index, the SEC director general said Nigeria was ranked 125, Ghana 66, South Africa 50, Brazil 94 and Malasia 42 in ethical behaviour of firms.