Nigeria ranks 113th among 133 economies in the 2024 Global Innovation Index (GII). This ranking reflects the nation's innovation capabilities and performance.
Nigeria's Position in Global Innovation
The Global Innovation Index (GII) provides a detailed metric for measuring the innovation performance of economies worldwide. For 2024, Nigeria's position highlights its standing among a significant number of countries evaluated for their innovation ecosystems.
| Metric | Value |
|---|---|
| Nigeria's GII Rank (2024) | 113th |
| Total Economies Ranked | 133 |
| Index Focus | Innovation Capabilities |
Understanding the Global Innovation Index
The GII is a comprehensive tool that assesses various aspects contributing to a country's innovation. It aims to help policymakers understand and improve their innovation performance. Key areas often considered by the GII include:
- Innovation Inputs: These cover elements that enable and facilitate innovative activities, such as:
- Institutions: Political, regulatory, and business environment.
- Human capital and research: Education and R&D.
- Infrastructure: ICT, general infrastructure, ecological sustainability.
- Market sophistication: Credit, investment, and trade competition.
- Business sophistication: Knowledge workers, innovation linkages, and absorption.
- Innovation Outputs: These measure the actual results of innovation activities, including:
- Knowledge and technology outputs: Knowledge creation, impact, and diffusion.
- Creative outputs: Intangible assets, creative goods and services, online creativity.
This framework provides a holistic view, moving beyond traditional measures like R&D expenditure to include broader indicators of innovation. You can explore more about the index on the official GII website.
Implications and Context
Nigeria's ranking in the GII offers insight into its innovation landscape. It suggests areas where the country can further develop its innovation ecosystem, strengthen institutions, and foster an environment conducive to technological advancement and creative output. Understanding this rank helps stakeholders identify strengths and weaknesses and guide strategic initiatives for improving national innovation capabilities.
