Nigeria scored 46.5 out of 100 points in the overall governance index report published by the Mo Ibrahim Foundation.Nigeria is one of ten countries that improved in all four sectors that were used for measurement.
The sectors are:
1. Accountability
2. Participation & human rights
3. Sustainable economic opportunity
4. Human development
Nigeria was, however,rated poorly in the national security sub-sector having declined by 28.6 points over a ten yearperiod from 2006 to 2015.According to Vanguard, the index rated Nigeria with the second most deteriorated score in the sub-category.In a related development, on Friday, September 30,the World Economic Forum ranked Nigeria127th out of 138 countries in the 2016-2017 Global Competitive Index.Two weeks ago, S&P Global Ratings downgraded Nigeria further into junk territory, five levels below investment grade and in line with Kyrgyzstan and Angola.Meanwhile, an analyst at a leading information and advisory services firmfor emerging markets – Frontier Strategy Group, Martina Bozadzhieva has blamed President Buhari for mishandling the economy.Bozadzhieva noted that Nigeria was always going to suffer from drop in oilprices, but blamed the Buhari’s government for what he called its “bungledresponse”.
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