Business Prosperity Index: Nigeria Falls 22 Places to 125th Position

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LequteMan

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Nigeria has slipped 22 places, from 89th in 2009 to the 125th position out of 142 countries worldwide on Legatum Research Institute's 2014 Prosperity Index (PI) recently released in London, THisDay reports.

Deteriorating living conditions and declining living standards all contributed to the fall on the Index which measures the standard of living in a country.

Excerpt:

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.

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