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SA overtakes Nigeria as the most miserable African country
...Nigeria improves by one position ranking 7th
by BUNMI BAILEY On Feb 29, 2020
Nigerian economy
Nigerian economy
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Nigeria, Africa most populous economy, is no longer ranked as the most miserable country in the continent, having been overtaken by South Africa.

Findings from the latest 2019 Hanke’s annual misery index showed that Nigeria’s improvement to the seventh position globally in 2019 from the sixth in 2018 puts it as the second most miserable country in Africa. South Africa (SA) ranks sixth position, making it the top most miserable African country.

The misery index modified by Steve Hanke, an American applied economist at the Johns Hopkins University in Baltimore, Maryland, USA shows which countries are getting less miserable and those that are getting more.

The index, which analyses 95 countries that report relevant data on a timely basis arrived at its ranking by considering the “sum of unemployment, inflation and bank lending rates, minus the percentage change in real GDP per capita

In 2019, Nigeria’s misery index stood at 36.8 from 43.0 in 2018. SA stood at 43.4 from 42.0. The major contributing factor for Nigeria’s poor ranking was bank lending rates and high inflation rates, while high unemployment rate was the major contributory factor for its previous ranking. Unemployment remains SA’s major factor.


“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.” It’s a simple enough metric that can be understood at a glance,” Hanke said.

On the global scene, Venezuela, Argentina, Brazil, Iran and Turkey are the World’s top five most miserable countries, while Japan, Hungary, Thailand, Malta and Taiwan are the least miserable countries.

According to Hanke, the currently most miserable should take heart that it is possible to improve. And the currently least miserable should note that they, too, can fall into despair.

https://businessday.ng/breaking-news/article/sa-overtakes-nigeria-as-the-most-miserable-african-country/

Congratulations

They deserve it.

Whew...

Bad news for Nigerians... Since every good things in Nigeria sounds bad to the citizens and every bad sounds good.


Las las una go dey alright.

Hope they all collected medals

we get senior for such misrable thing

Which one is miserable index again?

So?

Nigeria is a God forsaken country

cosby02:
Bad news for Nigerians... Since every good things in Nigeria sounds bad to the citizens and every bad sounds good.


Las las una go dey alright.

It's still not a good news my friend. What's the difference between second to last and last?

Lol
How did they come up with such statistics

[color=#550000][/color]

I no gree.
This is pure daylight robbery

This has shown how biase western countries ar towards Nigeria.

They will also deny us our right nd position at any giving opportunity. How can they say South Africa is more miserable than Nigeria.

Do South Africa has IDP who ar living miserably
Do they have almajiri who ar living miserably
Do they have farmers who ar living miserably because herdsmen has destroyed their farms.
Do they have Workers who ar living miserably because Yahaya Bello, Okezie Ikpeazu has refused to pay their salary.
Do they have families that ar living in agony because SARS has killed a member of their family.
Do they have families that ar living in agony nd miserable because herdsmen has killed nd kidnapped some members of their family.
Do they have people who ran out pg their ancestral land because herdsmen has taking over their lands.
By d way South Africa has constant light while Nigeria does not.
South Africa minimum wage us 120k while Nigeria is 33k

Whether they tell us or not we know our country is more miserable than South Africa shikina

thunda fire them....
who even appointed them to be ratin people....??

IneedSugarMumy1:
Lol
How did they come up with such statistics

dont mind them....
i dont know who appointed whites to be ratin people....

Shey now they go shut up

According to the animalistic Zulus, Nigerian doctors are the reason why bricklayers can't find job

GOFRONT:
Nigeria is a God forsaken country

God didn't forsake Nigeria, doesn't rain fall when it supposed to? Doesn't wind blow when it supposed to? Doesn't sun shine when it supposed to? Many countries don't even have what we had. God is not our problem, let's check ourselves, God will not do for man , what man supposed to do for himself, the money for roads, schools, hospitals, bridges and free education, is it God that embezzled it?

I believe in God, don't get me wrong, but wait in front of a trailer and be praying to God that it shouldn't hit you, then you will know that He is The Almighty!!!!

GOFRONT:
Nigeria is a God forsaken country

...and you're god’s spokesperson, GOFRONT the Messiah.

cosby02:
Bad news for Nigerians... Since every good things in Nigeria sounds bad to the citizens and every bad sounds good.


Las las una go dey alright.

Lol

winterfell007:
HomeBreaking News
BREAKING NEWSECONOMYLEAD
https://businessday.ng/breaking-news/article/sa-overtakes-nigeria-as-the-most-miserable-african-country/

You clearly had bad intentions with this thread, so early in the morning, hoping it will make front-page. Good thing it died a horrible death right here in Politics.

tribalistseun:
According to the animalistic Zulus, Nigerian doctors are the reason why bricklayers can't find job

Animalistic" is a term best used for your own people that kill for fresh human organs for occult practices.

Btw this article is BS

TMKsouth:


You clearly had bad intentions with this thread, so earlier in the morning, hoping it will make front-page. Good thing it died a horrible death right here in Politics.

Lol, they want to feel better about their own misery at our own expense these ones, do remember, if you want to hype up but thread just add the words " South Africa"

IronGalaxy:
Lol, they want to feel better about their own misery at our own expense these ones, do remember, if you want to hype up but thread just add the words " South Africa"

And this same one was accusing me of negativity in the Sanlam thread, kanthi he's here spreading negativity himself.

I find this very sweet to my ears.

IronGalaxy:
Animalistic" is a term best used for your own people that kill for fresh human organs for occult practices.

Btw this article is BS

what do your people roast humans alive for?

The Award belongs to us

Caseless:
I find this very sweet to my ears.

Still won't change your condition in life. SA has far too much going for it.

Buhari achievement

Alhamdulillah!!!


Nigeria shall be great again

God bless nigeria
God bless PMB