Nigeria, the acclaimed giant of Africa, has been ranked as one of the world’s least prosperous countries in 2014.
The country was also named one of Africa’s poorest nations beaten by smaller countries like Niger, Benin, Mali and Cameroun, according to an annual global prosperity survey released this week.
According to the report released by UK based Legatum Institute, a research organization that documents annual prosperity indicators around the world, Nigeria was listed as the 125th out of 142 countries surveyed.
t was observed that despite Nigeria’s acclaimed $510bn economy, the nation failed to make the list of Africa’s top 10 most prosperous countries, a league dominated hitherto by Botswana and South Africa.
Other countries in that bracket according to the report listed from third and below, are Morocco, Namibia, Tunisia, Algeria, Ghana, Rwanda, Burkina Faso, and Senegal.
Nigeria fell to 27 in Africa in 2014, nose-diving 22 places from its ranking in 2011, the report said.
In between the top 10 countries and Nigeria are Benin, Kenya, Zambia, Uganda, Mali, Niger, Cameroon, Egypt, Tanzania, Malawi, Djibouti, Mozambique, Cote d’Ivoire, Congo Republic, Zimbabwe, and Mauritania.