Nigeria News

Nigeria ranks 49th in DHL connectedness index

Nigeria is ranked 49th in the world when it comes to the state of globalisation, according to the DHL Global Connectedness Index, an analysis of the state of globalisation around the world, which was released this week.

The GCI 2012 ranks 140 countries on their global connectedness levels based on international flows of trade, capital, information and people, a statement from the firm on Monday indicated.

According to the Managing Director, DHL Express Anglophone Africa, Mr. Randy Buday, while the Sub-Saharan Africa region remained the least connected, it averaged the largest connectedness increase from 2010 to 2011.

He said, “Sub-Saharan Africa did perform poorly against Europe, Asia and the Americas but, from a positive perspective, the 5 countries with the largest increases in their scores – Mozambique, Togo, Ghana, Guinea and Zambia – are all from the region.

“We are confident that, with the increased investment in Africa and a sustained commitment from governments, we will continue to improve these scores year on year. Sub-Saharan Africa is definitely on the correct path when it comes to the growth in global trade and connectivity.”

Nigeria’s connectedness scores had been growing steadily since 2007, enabling Nigeria to rise to the 49th rank globally on this year’s DHL Global Connectedness Index, up four positions versus last year, the report noted.

According to it, Nigeria’s connectedness gains over the past year were driven by the trade pillar, of which Nigeria holds the third rank out of the 15 countries in the Sub-Saharan Africa region, and its connectedness is characterised by higher breadth than depth. Its merchandise imports illustrate this pattern.

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