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Report: Nigerians Now 6th Most Miserable People In The World - Politics - Nairaland

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SA Overtakes Nigeria As The Most Miserable African Country / Steve Hanke: Nigeria Ranked Sixth Most Miserable Country In The World / ''Nigeria Is The Most Miserable Place To Live On Earth Right Now'' - Pat Utomi (2) (3) (4)

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Report: Nigerians Now 6th Most Miserable People In The World by Godjone(m): 3:23pm On Mar 31, 2019
Published by Oluseyi Awojulugbe




Data compiled by Steve Hanke, an economist from John Hopkins University in Baltimore, USA, has shown that Nigerians are the sixth most miserable people in the world.

The misery index was calculated using economic indices including unemployment, inflation and bank lending rates.
For Nigeria, the unemployment rate was the major contributing factor.


“The original Misery Index was just a simple sum of a nation’s annual inflation rate and its unemployment rate. The Index has been modified several times, first by Robert Barro of Harvard and then by myself,” Hanke, the economist who compiled the list, said.
“My modified Misery Index is the sum of the unemployment, inflation and bank lending rates, minus the percentage change in real GDP per capita. Higher readings on the first three elements are “bad” and make people more miserable.


“These are offset by a “good” (GDP per capita growth), which is subtracted from the sum of the “bads.” A higher Misery Index score reflects a higher level of “misery,” and it’s a simple enough metric that a busy president, without time for extensive economic briefings, can understand at a glance.”





Misery Index



Venezuela, Argentina and Iran, the countries which topped the index, had high inflation rates as the major contributing factors.


In total, three African countries, Nigeria, South Africa and Egypt, fell between the top 10 most miserable countries.

Source: https://www.thecable.ng/report-nigerians-6th-most-miserable-people-world/amp

Re: Report: Nigerians Now 6th Most Miserable People In The World by dingbang(m): 3:32pm On Mar 31, 2019
And how the fvck did he come up with such data?
Re: Report: Nigerians Now 6th Most Miserable People In The World by theenchanter: 3:42pm On Mar 31, 2019
“My modified Misery Index is the sum of the unemployment, inflation and bank lending rates, minus the percentage change in real GDP per capita. Higher readings on the first three elements are “bad” and make people more miserable.
if the index is measured by these things..... there's no how nigeria, egypt and South Africa will rep africa in top 10. cool

Yeye news. grin
Re: Report: Nigerians Now 6th Most Miserable People In The World by Chipink(f): 3:52pm On Mar 31, 2019
grin
Re: Report: Nigerians Now 6th Most Miserable People In The World by micmond: 4:09pm On Mar 31, 2019
This must be the hand work of our enemies
Re: Report: Nigerians Now 6th Most Miserable People In The World by Godjone(m): 5:26pm On Mar 31, 2019
Lala check this post up na. Don't you see some sense in it
Re: Report: Nigerians Now 6th Most Miserable People In The World by ican2020: 5:31pm On Mar 31, 2019
result of lifeless leadership
Re: Report: Nigerians Now 6th Most Miserable People In The World by Godjone(m): 8:40pm On Mar 31, 2019
Mods you guys should do something asap with this news item by pushing this news to its right place. Things are not going well in this country at all
Re: Report: Nigerians Now 6th Most Miserable People In The World by KidsNEXTdoor: 8:43pm On Mar 31, 2019
Nigeria is the poverty capital of the world right now

why won't the people be miserable and edgy

Suicide rate skyrockets

Next level everywhere

1 Like

Re: Report: Nigerians Now 6th Most Miserable People In The World by mrsage(m): 8:46pm On Mar 31, 2019
So many reports.
Re: Report: Nigerians Now 6th Most Miserable People In The World by MisterGrace: 9:09pm On Mar 31, 2019
No thanks to Buhari
Re: Report: Nigerians Now 6th Most Miserable People In The World by Godjone(m): 11:58am On Apr 15, 2020
Trouble looms
Re: Report: Nigerians Now 6th Most Miserable People In The World by arizechudi: 12:00pm On Apr 15, 2020
afonjaa amaka
Re: Report: Nigerians Now 6th Most Miserable People In The World by SarkinYarki: 12:19pm On Apr 15, 2020
You vote for Buhari and you don't want misery ? It's not possible na
Re: Report: Nigerians Now 6th Most Miserable People In The World by sapientia(m): 1:37pm On Apr 15, 2020
Our President won't even understand what it means since the remote that controls him can only be operated by Kyari.

Buhari is someone who should be made President when oil price is $500/per barrel so that he won't wreck the economy so much.

Make Buhari the President of China and he will wreck the economy in 3 months.

Current oil price and Buhari as a President is a Regional if not a Global level threat.

I don't click on oil prices threads anymore because once I remember that Buhari is incharge, it gives me goose pimples

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