Nigeria has been listed as 125th least prosperous country in the annual prosperity indicators by Legatum Institute. Despite its latest status as Africa’s biggest economy, and its government’s claim of improved standard of living, Nigeria was not only one of the world’s least prosperous countries in 2014, but also one of Africa’s poorest beaten by smaller nations like Niger, Benin, Mali and Cameroun, an annual global prosperity survey released this week has said.
The report, published by UK-based Legatum Institute, a research organization that documents annual prosperity indicators around the world, Nigeria was listed as the 125th out of 142 countries surveyed.Remarkably, Nigeria failed to make the list of Africa’s top 10 most prosperous countries, a league dominated by Botswana and South Africa. Nigeria fell to 27 in Africa in 2014, nose-diving 22 places from its ranking in 2011, the report said.
“The 2014 Prosperity Index provides a lens through which to view a comprehensive assessment of national success. The Index measures the broad set of indicators that tell us not only how nations perform economically but in vital areas of education, health, freedom, opportunity, social capital,” said Executive Director of Legatum Institute, Sain Hansen.Other indicators measured by the institute are, governance and safety and security. Nigeria’s best ranking was in the economy group, where it was ranked 97th out of 142 countries that were surveyed.
Elsewhere, Nigeria ranked 114th, 130th, 123th, 132th, 137th, 106th, and 108th in entrepreneurship and opportunity, governance, education, health, safety and security, personal freedom and social capital respectively.
Norway is ranked as the most prosperous country in the world followed by Switzerland.
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