Nigeria slips 22 places in World Prosperity Index

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.

Credit: Dele Ogbodo/ThisDay