Mauritius, South Africa, Botswana, Kenya and Morocco, have ranked far above Nigeria in Africa as countries with the most innovative economies..• Country ranks 114 of globe’s 132 surveyed countries as Switzerland ranks first
The GII2022 report tracks the current state of global innovation and identifies areas where innovation is essential to drive the creation of ideas, businesses, and solutions that address challenges faced by citizens, including support for entrepreneurship, food security and local food production, digital innovation for the future of work, and energy solutions.
The Republic of Korea with 57.8 per cent score is sixth, followed by Singapore with 57.3 per cent; Germany is eight with 57.2 per cent; Finland is ninth with 56.9 per cent and Denmark is the 10th country with the most innovative economy. Further, WIPO noted that in the last 20 years, Africa’s Internet and digital penetration have grown to some 570 million Internet users, thanks to innovation that led to more than 1.2 million kilometres of Internet cables across the world’s ocean floors.
According to Disrupt Africa’s African Tech Startups Funding Report, start-ups in some of the continent’s most innovative nations raised a combined $1.9-billion in 2021. Fintech companies have been particularly successful in attracting VC funding, with most of the continent’s unicorns being Fintech firms.
As a failed state what do expect, Nigeria is gone and never returned,