Nigeria fell behind the likes of Rwanda, Mauritius and Madagascar on the list of most innovative economies in Sub-Saharan Africa, according to the 2022 Global Innovation Index.
BusinessDay reported that the index ranked Nigeria, Africa’s largest economy, 13th on the list just as the country ranked 114th in the World Intellectual Property Organization’s annual index.
The top ten most innovative economies in the region going by the index are Mauritius, South Africa, Botswana, Kenya, Ghana, Namibia, Senegal, the United Republic of Tanzania, Rwanda, and Madagascar.
According to the report, “In the lower middle-income group, 14 economies including the SSA economies such as Côte d’Ivoire (109th), Nigeria (114th), Zambia (118th), Cameroon (121st), Benin (124th), Angola (127th) and Mauritania (129th) performed below expectation for their level of development.”
The GII measures the performance of 132 economies’ innovation ecosystems and follows the most recent global innovation trends. It is an important policy tool that allows countries to assess their innovation performance and conduct cross-country comparisons.
The country ranked 69th in business sophistication, 97th in creative outputs, 109th in human capital and research, 112th in infrastructure, 112th in institutions, 123rd in knowledge and technology outputs, and 123rd in market sophistication (126th).