Nigeria has ranked 109th among the most innovative countries in the world according to the 2023 Global Innovation Index (GII), with Switzerland, Sweden, and the United States taking the top three spots.
Africa’s top three innovators are South Africa (30.4%), Morocco (28.4%), and Tunisia (26.9%). Nigeria, with a score of 18.4%, falls behind these countries in terms of innovation capabilities.
The GII, compiled by the World Intellectual Property Organisation (WIPO), assesses the innovation performance of 132 economies and tracks global innovation trends. It examines various factors, including science and innovation, technological progress, technological adoption, and socioeconomic impact.
This year, Sweden has surpassed the United States to take second place in the rankings, while Singapore has entered the top five and become the leading innovator in the Southeast Asia, East Asia, and Oceania (SEAO) region.
The GII 2023 highlights the impact of global uncertainties, such as the slow economic recovery from the COVID-19 pandemic, rising interest rates, and geopolitical conflicts, on innovation trends. However, it also acknowledges the potential of the Digital Age, Deep Science innovation waves, and technological advancements to drive innovation forward.
Nigeria’s ranking of 109th indicates a need for continued efforts to strengthen its innovation ecosystem and foster a culture of innovation. By investing in research and development, promoting entrepreneurship, and enhancing access to digital technologies, Nigeria can aspire to climb the GII ladder in future years.
