NewStats: 3,262,154 , 8,176,261 topics. Date: Sunday, 01 June 2025 at 01:35 AM 532pp

Nigerians were more miserable in 2021 than they were in 2020, statistics from the Hanke’s Annual Misery Index have shown.

According to the report, which analysed 156 countries by calculating their unemployment rates, inflation, prevailing lending rates and GDP growths, Nigeria went from 15th among the most miserable countries in the world’s ranking in 2020 to 11th in 2021.

The figures, published on the verified Twitter handle of Steve Hanke, a professor of applied economics at John Hopkins University, showed that Nigeria was the fourth most miserable country in Africa last year, only behind Sudan, Zimbabwe and Angola.

According to the report, the five least miserable countries were Brunei, Switzerland, China, Taiwan, and Japan. The United States ranked 95th, making it the 14th least miserable nation of the 108 countries on the table.

The latest report by the economic expert once again underlines the instability of the Nigeria’s economy in the last seven years, captured by two recessions between 2016 and 2019.

According to the National Bureau of Statistics, the consumer price index (I), which measures inflation, increased to 15.92 percent year-on-year in March 2022. Figures by the NBS also pegged Nigeria’s unemployment rate at an all-time high of 33.3 per cent.

The latest figures bring Nigeria’s misery index points to 49.22, a significant uptick from the 41.12 index points recorded at the start of Buhari’s term.

In a recent report titled, “Africa Faces New Shock as War Raises Food and Fuel Costs,” the International Monetary Fund, in its Regional Economic Outlook, said that it expected Nigeria’s economic growth to slow to 3.8 per cent this year from last year’s 4.5 per cent.

The report said the effects of Russia’s invasion on Ukraine would be deeply consequential, eroding standards of living and aggravating macroeconomic imbalances.

“We now expect growth to slow to 3.8 per cent this year from last year’s better-than-expected 4.5 per cent, according to our latest Regional Economic Outlook. Though we project annual growth to average four per cent over the medium term, it will be too slow to make up for ground lost to the pandemic.”

Inflation in the region is expected to remain elevated in 2022 and 2023 at 12.2 per cent and 9.6 per cent respectively—the first time since 2008 that regional average inflation will reach such high levels, the report said.

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True

Segunaja:
That's too harsh a word

The truth is always harsh.

Wonderful achievement...,..... after all we won something

Wait for Lai Mohammed on this.

Extremely miserable and frustrated with Buhari's poor governance.

May we never experience this type of plague anymore.

What do you expect?.. Election time is here again.. See wetin them don dey share

Maxymilliano:
Extremely miserable and frustrated with Buhari's poor governance.

May we never experience this type of plague anymore.

AMEN IN JESUS CHRIST MIGHTY NAME

Yes na,

I think slawormiir is a fake Yahoo Boy, I don't think he even has Yahoo certificate. In fact, Buhari is more Yahoo than slawormiir, how can he claim to be bombing work and he's on every front page. Na which time you come use dey bomb the work?

To think that some Nigerians still want to vote APC in 2023 makes it worse

If Nigerians were true and sincere yo themselves, they will reject the party in the coming elections... thats one way sanity in the system will gradually creep in... if a government know that if they fail their opposition will take over , they will be serious and the other party will sit up ... we really don't understand democracy

No oh, some will still thank their darling daddy for bringing hardship into their lives.
They are miserable but they don't know it.

Buhari, the real miserable president

"Miserable" is an understatement...

Expect more misery under Tilumbu

the citizens are more than Miserable under Mr dissapointment our unable president & is ever corrupt vice -president pastor scammer, this govt is great bull shit for all i care.

Luckily, I'm not. He truly brought misery, but I turned mine to breakthrough.

Let APC urchins suffer in peace. I don't care.

I don't care about no chart rn, all I know is it will never be well with anybody still ing this current useless govt

Under Buhari, the only happy people
are the Fulani ❗️❗️

All those Bubu spokespersons go avoid this now.

Not that we need stats to tell us this sef.

With what we have up there, we can see Peter Obi is not a choice, he is the last becon of hope...

Life is not guaranteed, you being a beneficiary of an aspirant could die tomorrow.. only a true leader who thinks of your childrens future can give them a good base.

Dubs:
the citizens are more than Miserable under Mr dissapointment our unable president & is ever corrupt vice -president pastor scammer, this govt is great bull shit for all i care.

Learn to differentiate between the use of "is" and "his" though

And some people are hell bent on bringing this one as President just cos of ethnicity and entitlement.

Harvard University and Yale University need to come and do research on African brains to know why we've chosen to be useless forever

I think everyone knows this, Except some zombies

Before nko