The Global Innovation Index 2016 was released in August. Co-published by WIPO, the Index provides an annual ranking of the innovation capabilities and performance of 128 countries and economies. Nigeria ranked number 114, climbing 14 places from the 2015 results. We see a positive outcome for Nigeria (and the rest of the African countries), as increasing levels of R&D boost the country’s economy. For investors, this highlights the importance of technology and science in an ec