The Legatum Research Institute, London, has placed Nigeria on 125th
position out of 142 countries worldwide based on its 2014 Prosperity
Index (PI) ranking just released.
Nigeria occupied 89th position in the 2009 PI annual ranking.
The ranking, which represents a fall by 22 place among the countries
under analysis, portrayed deteriorating living conditions and declining
living standards. In 2010, Nigeria was placed 106.
The disclosure which was contained in the 2014 annual ranking of
countries based on certain standard of living indices, placed Norway on
top of the list followed by Switzerland and New Zealand in third
position.
While the United States of America (USA) and United Kingdom occupied
the 10th and 13th position, no African country was classified under the
list of 20 countries.
Speaking with THISDAY on Sunday in Abuja on the significance of the
countries to review their economic policies for development, the
Executive Director, African Policy Research Initiative (APRI) Ambassador
Sunday Thomas Dogonyaro, said the analysis gave a background of living
standard of countries around the world.
On the relevance of the data for national development, he said: “We
track international these reports very carefully and see what is
happening and the statistics that they churn out which we use as part of
our own study to build into the work that we also do because it helps
to give us the picture of the continent in terms of what is happening.”
“For example, when the board met last week, we shared the report from
the Legatum Institute, London on their Prosperity Index. Nigeria for
example slipped 22 places in four years. That is from 103 in 2011 and in
2014, Nigeria was ranked 125, from amongst 142 countries.”
Speaking further, Dogonyaro stressed that in areas of electricity and
security for example, the country didn’t do well, adding that shows that
something is wrong
According to him, if in a period of five years, you are slipping
consistently, “For me, irrespective, of what you are doing, it tells me
that you still need to check certain economic fundamentals,” Dogonyaro
said.
He said: “That means that certain things are not being done properly
and so those kind of things help in terms of the interface that we are
talking about because of the level of communication that makes things a
lot easier to interface and share information rather than work alone. At
this stage, you don’t need to re-invent the wheel as we keep in touch
with each other to do our researches and investigations.”
While admitting the need for synergy among research institutes, said
APRI is fine-tuning a collaborative exchange with other research
institutes across the globe.
“The other phase where we are trying to get to is getting to the phase
where we can now do exchange with these off-shore institutes.
“Where some of our staff can go and spend some months and they too can
come also into Nigeria if they need any specific aspects of our research
materials and in that way synergies are built and
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