A recent report on ranking of nations using the Misery Index on the state of living standards appears quite worrisome, particularly to the ordinary Nigerian.
Though this country classification is an effort by an economist or a non-government organisation, the outcome of this research is worth consideration by all well meaning individuals in the countries surveyed, particularly those whose rankings are considered unpalatable. The outcome of the study should be seen as a food for thought for policy makers and that is why this newspaper cannot ignore it.
In fact, the main reason why central banks exist, among others, is the maintenance of price stability in the country. Hence the core role of the monetary policy committees of central banks across the world is the maintenance of price stability. Besides, poverty in the past few years in the country has been exacerbated by the high rate of unemployment in the country, another factor considered in the computation of the misery index.
The other factor, the rate of bank lending in Nigeria is considered high by various stakeholders in the economy. This ultimately takes credit availability out of the reach of the small-scale entrepreneur.
SaveAyomide
The socio-economic challenges are much but Nigerians are miserable people i don't think so. I am a Nigerian i am definitely not miserable i believe we can overcome our problems with a lot of hardwork
Confirm talk 👎a big shame 2 all the politicians 👎👎
Haters of Nigeria will be happy with these piece of NONSENSE bcoz PMB is in charge, Where are these statistics when the LOOTERS were flooding fugitive funds into your country, UK and EU? Am not suprised it's a release by a miserable economist and will be retweeted by miserables.
Yes, another foreign organization telling Nigerians that you don't cook egusi with crayfish, and Nigerians believe. Stupidity of bvb the highest order.
buhari is working