BY MICHAEL EBOH
NIGERIA’s competitiveness and ability to attract attention in the global financial landscape was brought to question, Wenesday, as no Nigerian city was mentioned in the list of most competitive global cities in 2025.
According to a new Economist Intelligence Unit, EIU, research report, titled, “Hot Spots 2025: Benchmarking the Future Competitiveness of Cities,” commissioned by Citi, London, only Johannesburg and Cape Town, both South African cities, were mentioned.
The report said that overall, African cities are predicted to be less competitive than their global counterparts with Johannesburg and Cape Town, named the 66th and 77th most competitive cities by 2025.
Johannesburg and Cape Town, the report stated are recognized for their physical capital, particularly improving telecommunications infrastructure. It added that both cities were recognised for their increased regional and global trade integration, cultural vibrancy, and attractiveness as tourist and conference destinations.
Globally, New York and London were rated the first and second most competitive cities in 2025, while Singapore, Hong Kong, and Tokyo retain their position as third, fourth, and fifth.