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Nigerians Miserable Under Buhari, Global Index Shows by Maxymilliano(m): 8:09am On May 04, 2022
Nigerians were more miserable in 2021 than they were in 2020, statistics from the Hanke’s Annual Misery Index have shown.

According to the report, which analysed 156 countries by calculating their unemployment rates, inflation, prevailing lending rates and GDP growths, Nigeria went from 15th among the most miserable countries in the world’s ranking in 2020 to 11th in 2021.

The figures, published on the verified Twitter handle of Steve Hanke, a professor of applied economics at John Hopkins University, showed that Nigeria was the fourth most miserable country in Africa last year, only behind Sudan, Zimbabwe and Angola.

According to the report, the five least miserable countries were Brunei, Switzerland, China, Taiwan, and Japan. The United States ranked 95th, making it the 14th least miserable nation of the 108 countries on the table.

The latest report by the economic expert once again underlines the instability of the Nigeria’s economy in the last seven years, captured by two recessions between 2016 and 2019.

According to the National Bureau of Statistics, the consumer price index (CPI), which measures inflation, increased to 15.92 percent year-on-year in March 2022. Figures by the NBS also pegged Nigeria’s unemployment rate at an all-time high of 33.3 per cent.

The latest figures bring Nigeria’s misery index points to 49.22, a significant uptick from the 41.12 index points recorded at the start of Buhari’s term.

In a recent report titled, “Africa Faces New Shock as War Raises Food and Fuel Costs,” the International Monetary Fund, in its Regional Economic Outlook, said that it expected Nigeria’s economic growth to slow to 3.8 per cent this year from last year’s 4.5 per cent.

The report said the effects of Russia’s invasion on Ukraine would be deeply consequential, eroding standards of living and aggravating macroeconomic imbalances.

“We now expect growth to slow to 3.8 per cent this year from last year’s better-than-expected 4.5 per cent, according to our latest Regional Economic Outlook. Though we project annual growth to average four per cent over the medium term, it will be too slow to make up for ground lost to the pandemic.”

Inflation in the region is expected to remain elevated in 2022 and 2023 at 12.2 per cent and 9.6 per cent respectively—the first time since 2008 that regional average inflation will reach such high levels, the report said.

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14 Likes

Re: Nigerians Miserable Under Buhari, Global Index Shows by HeRulesMen: 8:10am On May 04, 2022
True

17 Likes 1 Share

Re: Nigerians Miserable Under Buhari, Global Index Shows by Kriss216: 8:11am On May 04, 2022
Segunaja:
That's too harsh a word
The truth is always harsh.

166 Likes 13 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by Naijanascam: 8:14am On May 04, 2022
Wonderful achievement...,..... after all we won something shocked

21 Likes 1 Share

Re: Nigerians Miserable Under Buhari, Global Index Shows by HeRulesMen: 8:16am On May 04, 2022
Wait for Lai Mohammed on this.

107 Likes 6 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by Maxymilliano(m): 8:16am On May 04, 2022
Extremely miserable and frustrated with Buhari's poor governance.

May we never experience this type of plague anymore.

165 Likes 14 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by Mide3367: 8:18am On May 04, 2022
What do you expect?.. Election time is here again.. See wetin them don dey share

34 Likes 2 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by devoutpraise: 8:19am On May 04, 2022
Maxymilliano:
Extremely miserable and frustrated with Buhari's poor governance.

May we never experience this type of plague anymore.
AMEN IN JESUS CHRIST MIGHTY NAME

23 Likes 2 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by Kizyte(m): 8:19am On May 04, 2022
Yes na,

I think slawormiir is a fake Yahoo Boy, I don't think he even has Yahoo certificate. In fact, Buhari is more Yahoo than slawormiir, how can he claim to be bombing work and he's on every front page. Na which time you come use dey bomb the work?

40 Likes 6 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by NaijaRoyalty(m): 8:19am On May 04, 2022
To think that some Nigerians still want to vote APC in 2023 makes it worse

43 Likes 4 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by Kingcalls: 8:20am On May 04, 2022
If Nigerians were true and sincere yo themselves, they will reject the party in the coming elections... thats one way sanity in the system will gradually creep in... if a government know that if they fail their opposition will take over , they will be serious and the other party members will sit up ... we really don't understand democracy

32 Likes 3 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by nedekid: 8:20am On May 04, 2022
No oh, some will still thank their darling daddy for bringing hardship into their lives.
They are miserable but they don't know it.

49 Likes 5 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by Lincoln275(m): 8:20am On May 04, 2022
Buhari, the real miserable president

17 Likes 2 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by olaric(m): 8:21am On May 04, 2022
"Miserable" is an understatement...

10 Likes 3 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by dupeteme: 8:21am On May 04, 2022
Expect more misery under Tilumbu

9 Likes 3 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by Dubs(m): 8:22am On May 04, 2022
the citizens are more than Miserable under Mr dissapointment our unable president & is ever corrupt vice -president pastor scammer, this govt is great bull shit for all i care.

9 Likes 1 Share

Re: Nigerians Miserable Under Buhari, Global Index Shows by Nobody: 8:22am On May 04, 2022
Luckily, I'm not. He truly brought misery, but I turned mine to breakthrough.

Let APC urchins suffer in peace. I don't care.

9 Likes

Re: Nigerians Miserable Under Buhari, Global Index Shows by Analyst7: 8:22am On May 04, 2022
I don't care about no chart rn, all I know is it will never be well with anybody still supporting this current useless govt

9 Likes 1 Share

Re: Nigerians Miserable Under Buhari, Global Index Shows by adecz: 8:23am On May 04, 2022
undecided



Under Buhari, the only happy people
are the Fulani ❗️❗️

16 Likes 2 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by pmc01(m): 8:23am On May 04, 2022
All those Bubu spokespersons go avoid this now.

Not that we need stats to tell us this sef.

15 Likes 2 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by Nobody: 8:23am On May 04, 2022
With what we have up there, we can see Peter Obi is not a choice, he is the last becon of hope...

Life is not guaranteed, you being a beneficiary of an aspirant could die tomorrow.. only a true leader who thinks of your childrens future can give them a good base.

4 Likes 1 Share

Re: Nigerians Miserable Under Buhari, Global Index Shows by pmc01(m): 8:23am On May 04, 2022
Dubs:
the citizens are more than Miserable under Mr dissapointment our unable president & is ever corrupt vice -president pastor scammer, this govt is great bull shit for all i care.

Learn to differentiate between the use of "is" and "his" though
Re: Nigerians Miserable Under Buhari, Global Index Shows by dadavivo: 8:23am On May 04, 2022
And some people are hell bent on bringing this one as President just cos of ethnicity and entitlement.

Harvard University and Yale University need to come and do research on African brains to know why we've chosen to be useless forever

19 Likes 6 Shares

Re: Nigerians Miserable Under Buhari, Global Index Shows by oviead: 8:24am On May 04, 2022
I think everyone knows this, Except some zombies

15 Likes 1 Share

Re: Nigerians Miserable Under Buhari, Global Index Shows by Amuluonyenaego: 8:24am On May 04, 2022
Before nko

3 Likes 1 Share

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