Nigeria recorded a leap on the 2018 Legatum Prosperity Index (LPI) of most prosperous country in the world.

At 129, the most populous black nation moved up by three points from its 132nd position in 2017. Since the inception of the index in 2006, this is the first time that Nigeria would move up.

The LPI is an annual ranking developed by the Legatum Institute, a division of the United Arab Emirates-based private investment firm, Legatum.

The index measures prosperity using nine pillars: economic quality, business environment, governance, personal freedom, social capital, safety and security, education, health and natural environment.

Of these pillars, Nigeria ranked 139, 66, 107, 111, 48, 145, 123,143, 104 positions respectively.

While the giant of Africa rose 12 places on the business environment pillar, it fell one point in safety and security.

“In the overall Prosperity Index rankings, Nigeria has climbed by three positions from 132 to 129 when compared to last year. Since the Prosperity Index began in 2006, Nigeria has moved down the rankings table by five places,” the report read.

“In the Prosperity Pillar rankings, Nigeria performs best on Social Capital and Business Environment and scores lowest on the Safety and Security pillar.

“The biggest positive change, compared to last year, came in Business Environment increasing by 12 places, whereas they dropped one place on Safety and Security.”

Despite Nigeria’s rise on the ranks, the country, however, falls among the 20 least prosperous countries (red zone) and the report says “those in the bottom 20 face significant challenges across all pillars, especially in improving Safety and Security.”

In Sub-Saharan Africa, Nigeria is ranked 25th.

Norway, New Zealand and Finland topped the index, while Yemen, Central African Republic and Afghanistan came last three respectively.

“The measurement of national prosperity is an important task for governments and for those who hold them to account,” the report read.

“Prosperity entails much more than wealth, it reaches beyond the financial into the political, the judicial, and the wellbeing and character of a nation – it is about creating an environment where a person is able to reach their full potential. A nation is prosperous when it has an open economy, inclusive society, strong institutions and empowered people who are healthy, educated and safe. This leads to higher levels of wellbeing.

“The Prosperity Index covers 149 countries. The top 40 most prosperous nations are those that have demonstrated over time how to build prosperity. Those in the bottom 20 face significant challenges across all pillars, especially in improving Safety and Security.

“Prosperity has grown over the last year to its highest ever point. In the last five years, 113 countries have improved their prosperity. In many respects the world is getting better. It is now easier to start a business in many countries.”

https://www.thecable.ng/nigeria-rises-on-world-prosperity-index-first-time-ever/

I read, I thought, and I commented.

I don't understand this report

Rise in prosperity that only leads to more hunger in the land get as it is.

Ok.

PDP don die for APC hand with this one.

See better campaign bullet points..

E be like say na Nigerians in diaspora dem take measure this prosperity index..

The only thing Nigeria has prospered in is the spread poverty and worsening of corruption; ask Buhari, he'd agree. He doesn't seem to agree with these kind of reports from the likes of Transparency and Amnesty internationals

Lalasticlala, this is a good news oh. Though I hardly take these statistics seriously, it's worth publicity since the other one that mentioned Nigeria as a poverty capital filled the news space for weeks.

Where are the children of hate?

They will avoid this thread as usual...Nigeria must be great by His GRACE

Slow and steady wins the race

I have never heard of eorld prosperity index before.

Ebullience:
Nigeria recorded a leap on the 2018 Legatum Prosperity Index (LPI) of most prosperous country in the world.

At 129, the most populous black nation moved up by three points from its 132nd position in 2017. Since the inception of the index in 2006, this is the first time that Nigeria would move up.

The LPI is an annual ranking developed by the Legatum Institute, a division of the United Arab Emirates-based private investment firm, Legatum.

The index measures prosperity using nine pillars: economic quality, business environment, governance, personal freedom, social capital, safety and security, education, health and natural environment.

Of these pillars, Nigeria ranked 139, 66, 107, 111, 48, 145, 123,143, 104 positions respectively.

While the giant of Africa rose 12 places on the business environment pillar, it fell one point in safety and security.

“In the overall Prosperity Index rankings, Nigeria has climbed by three positions from 132 to 129 when compared to last year. Since the Prosperity Index began in 2006, Nigeria has moved down the rankings table by five places,” the report read.

“In the Prosperity Pillar rankings, Nigeria performs best on Social Capital and Business Environment and scores lowest on the Safety and Security pillar.

“The biggest positive change, compared to last year, came in Business Environment increasing by 12 places, whereas they dropped one place on Safety and Security.”

Despite Nigeria’s rise on the ranks, the country, however, falls among the 20 least prosperous countries (red zone) and the report says “those in the bottom 20 face significant challenges across all pillars, especially in improving Safety and Security.”

In Sub-Saharan Africa, Nigeria is ranked 25th.

Norway, New Zealand and Finland topped the index, while Yemen, Central African Republic and Afghanistan came last three respectively.

“The measurement of national prosperity is an important task for governments and for those who hold them to account,” the report read.

“Prosperity entails much more than wealth, it reaches beyond the financial into the political, the judicial, and the wellbeing and character of a nation – it is about creating an environment where a person is able to reach their full potential. A nation is prosperous when it has an open economy, inclusive society, strong institutions and empowered people who are healthy, educated and safe. This leads to higher levels of wellbeing.

“The Prosperity Index covers 149 countries. The top 40 most prosperous nations are those that have demonstrated over time how to build prosperity. Those in the bottom 20 face significant challenges across all pillars, especially in improving Safety and Security.

“Prosperity has grown over the last year to its highest ever point. In the last five years, 113 countries have improved their prosperity. In many respects the world is getting better. It is now easier to start a business in many countries.”

https://www.thecable.ng/nigeria-rises-on-world-prosperity-index-first-time-ever/

We hope this is not another lie.

Till the prosperity reach me and my family, I have nothing to comment...

dont tell me buhari is working...

why is this not trending ?? if its poverty,killing,unemployment , i trust idiots would rush into the thread so cum as usual


and to think Professor of zoology who enjoyed oil boom didn't move nigeria forward during the time of excesses

How will the jobless aggressive lazy idiotic pigs of Bia-fra terrorist will feel now, will them be ashamed of themselves?
How can lover of corruption be ashamed of themselves.
From capital of poverty to one of the prosperous country,
What a paradoxically irony..
Next year, Nigeria will be in the rank of the first 20 in social capital and business environment.

This is really some kind of relief after series of negativities
It is true.

See the name sef. LEGATUM PROSPERITY INDEX
Sounds like something from SUDAN.

@Gaby...You dey very funny

E be like say na Nigerians in diaspora dem take measure this prosperity index..

Ebullience:
Nigeria recorded a leap on the 2018 Legatum Prosperity Index (LPI) of most prosperous country in the world.

At 129, the most populous black nation moved up by three points from its 132nd position in 2017. Since the inception of the index in 2006, this is the first time that Nigeria would move up.

The LPI is an annual ranking developed by the Legatum Institute, a division of the United Arab Emirates-based private investment firm, Legatum.

The index measures prosperity using nine pillars: economic quality, business environment, governance, personal freedom, social capital, safety and security, education, health and natural environment.

Of these pillars, Nigeria ranked 139, 66, 107, 111, 48, 145, 123,143, 104 positions respectively.

While the giant of Africa rose 12 places on the business environment pillar, it fell one point in safety and security.

“In the overall Prosperity Index rankings, Nigeria has climbed by three positions from 132 to 129 when compared to last year. Since the Prosperity Index began in 2006, Nigeria has moved down the rankings table by five places,” the report read.

“In the Prosperity Pillar rankings, Nigeria performs best on Social Capital and Business Environment and scores lowest on the Safety and Security pillar.

“The biggest positive change, compared to last year, came in Business Environment increasing by 12 places, whereas they dropped one place on Safety and Security.”

Despite Nigeria’s rise on the ranks, the country, however, falls among the 20 least prosperous countries (red zone) and the report says “those in the bottom 20 face significant challenges across all pillars, especially in improving Safety and Security.”

In Sub-Saharan Africa, Nigeria is ranked 25th.

Norway, New Zealand and Finland topped the index, while Yemen, Central African Republic and Afghanistan came last three respectively.

“The measurement of national prosperity is an important task for governments and for those who hold them to account,” the report read.

“Prosperity entails much more than wealth, it reaches beyond the financial into the political, the judicial, and the wellbeing and character of a nation – it is about creating an environment where a person is able to reach their full potential. A nation is prosperous when it has an open economy, inclusive society, strong institutions and empowered people who are healthy, educated and safe. This leads to higher levels of wellbeing.

“The Prosperity Index covers 149 countries. The top 40 most prosperous nations are those that have demonstrated over time how to build prosperity. Those in the bottom 20 face significant challenges across all pillars, especially in improving Safety and Security.

“Prosperity has grown over the last year to its highest ever point. In the last five years, 113 countries have improved their prosperity. In many respects the world is getting better. It is now easier to start a business in many countries.”

https://www.thecable.ng/nigeria-rises-on-world-prosperity-index-first-time-ever/

Nigeria needs quality primary and secondary schools, quality hospitals, pipe borne water and electricity and a quality police force and military. none of the presidential candidates is focusing on these essential duties of government. What you hear the politicians say is: boost the economy, fight corruption, create jobs, reduce youth unemployment, and build roads and railways.

Are our leaders and people so stupid to realise that focusing on providing quality education, health and security will achieve all their other goals as opposed to coming up with vague disjointed ideas such as youwin, sure-p, npower, trader moni etc.

Me i tire for this country. The mad leading the madder.

Legatum institute,a private investment firm based in UAE.

how much was paid for this one?

Nigeria on the RISE. Modernizing infrastructures to close Nigeria's economic frontiers...thank you #PMB19

If it is a negative news now, trust the hopeless wailers to be jubilating about it.
Sai Buhari!

Sai Baba !!

deji17:
If it is a negative news now, trust the hopeless wailers to be jubilating about it.
Sai Buhari!

Sai Baba !!

how is this news positive? if you come second to the last position in your class, should you be rejoicing that you did not come last? I know you to be an intelligent person so your comment is shocking to me.

Lai Mohammed has gone shopping..

jimcollins136:

@Gaby...You dey very funny

E be like say na Nigerians in diaspora dem take measure this prosperity index..

Make dem come see how Nigerians for Nigeria dey prosper na under the rot caused by previous and successive regimes.

jimcollins136:

@Gaby...You dey very funny

E be like say na Nigerians in diaspora dem take measure this prosperity index..

Make dem come see how Nigerians for Nigeria dey prosper na under the rot caused by previous and successive regimes, so tey even if angel Gaby win election for Nigeria e go confuse on how to solve the myriad of problems wey dey ground.

trillville:


how is this news positive? if you come second to the last position in your class, should you be rejoicing that you did not come last? I know you to be an intelligent person so your comment is shocking to me.

Brother, dem say this is the first time we are moving up in the ranking since 2006, that they started ranking countries. Is that an improvement over what it used to be?

deji17:
Brother, dem say this is the first time we are moving up in the ranking since 2006, that they started ranking countries. Is that an improvement over what it used to be?

So we should rejoice because of second to the last position. We are ranked 25th in sub-Saharan Africa. That is even amongst black people, we are far behind. My brother, this is not something we should be proud of.

trillville:


So we should rejoice because of second to the last position. We are ranked 25th in sub-Saharan Africa. That is even amongst black people, we are far behind. My brother, this is not something we should be proud of.

No be for one day we carry last nau. Do you think we go from number 132 to 1st position within 4 years, even though we have been at number 132 for 12 years? When you are retrogressing, it is different from when you are stagnant. When you are stagnant, it is different from when you are making progress. Promotion from number 132 to 129 is progress. Next year, we will better that position and on and on it goes.
If we have been on the current trajectory for the past years where we climbed up 3 spots within 3 years, by now we could have climbed at least 14 spots.
When you are driving a car, you don't go from stop to 200km/hr within one second. You accelerate gradually, gather momentum until you reach your full speed.

deji17:


No be for one day we carry last nau. Do you think we go from number 132 to 1st position within 4 years, even though we have been at number 132 for 12 years? When you are retrogressing, it is different from when you are stagnant. When you are stagnant, it is different from when you are making progress. Promotion from number 132 to 129 is progress. Next year, we will better that position and on and on it goes.
If we have been on the current trajectory for the past years where we climbed up 3 spots within 3 years, by now we could have climbed at least 14 spots.
When you are driving a car, you don't go from stop to 200km/hr within one second. You accelerate gradually, gather momentum until you reach your full speed.

You are right, we have made progress. My point is should we be celebrating now. Is this progress enough for us to celebrate? Should we be happy? May be, should it make news as an achievement? Definitely not.

trillville:


You are right, we have made progress. My point is should we be celebrating now. Is this progress enough for us to celebrate? Should we be happy? May be, should it make news as an achievement? Definitely not.

Yes, we should celebrate. We are not where we ought to be. But we are better off than where we are coming from. That we rejoice does not mean we we will stop progressing.
Have you ever wonder why some people will kill Ram / Cow, when they lay the foundation of a new building? It does not mean that the house is completed. But what they are celebrating is a milestone.
Forward ever, backward never.

deji17:

Yes, we should celebrate. We are not where we ought to be. But we are better off than where we are coming from. That we rejoice does not mean we we will stop progressing.
Have you ever wonder why some people will kill Ram / Cow, when they lay the foundation of a new building? It does not mean that the house is completed. But what they are celebrating is a milestone.
Forward ever, backward never.

Such premature celebrations is what has led Nigeria to be the country with the highest number of people living in extreme poverty and the highest number of out of school children in the world. Ghana, that is ahead of us, is not celebrating this news, why should we?

trillville:



Such premature celebrations is what has led Nigeria to be the country with the highest number of people living in extreme poverty and the highest number of out of school children in the world. Ghana, that is ahead of us, is not celebrating this news, why should we?

I am not sure whether Ghana has improved on their position or not. That is how you chose to view it. Nigeria has failed in the past because we have irresponsible leaders. That you celeberate the foundation laying of a building does not nean you will stop building.
Forward ever, backward never.