The Singaporean non-profit group, Chandler Good Government Index, CGGI has ranked Nigeria as the third-worst governed country in the world.
The report ranked Nigeria very low in governance, leadership, and foresight, scoring the country 102 out of 104 countries with a score of 0.319 points, ahead of Zimbabwe and Venezuela.
President Buhari is presiding over the third-worst governed country in the world according to the CGGI.
The 2021 report released on Monday, April 26, noted that the ability to handle corruption properly is the strongest indicator of good governance.
The index, which was the first in the series, scored Nigeria 0.44 on leadership and foresight; anti-corruption 0.45; long-term vision 0.47; strategic prioritization 0.41 and innovation 0.4.
The report also ranked Nigeria low in other parameters, scoring the nation 98 in leadership and foresight; 85 in robust laws and policies; 101 in strong institutions; 88 in financial stewardship; 97 in the attractive marketplace; 72 in global influence and reputation and helping people rise 98.
Finland came tops with 0.848 points ahead of Switzerland and Singapore, while Zimbabwe was Nigeria’s runner up followed by Venezuela at the bottom of the log.
Mauritius, with an Index score of 0.5670 and at number 38 on the log, was Africa’s best performer.
The report noted that countries that have done well under this pillar are all market economies with sound property rights and stable business regulations.
The CGGI explained that the ranking came during the COVID-19 pandemic, which exposed the strengths and weaknesses in institutions, laws, and leadership in countries as governance decides the success of these countries.
Speaking on the criteria for accessing the countries, Wu Wei Neng, the executive director of CGGI, said;
“Governance is critical for a nation’s success. Good governance helps nations to flourish and be prosperous.
“We recognise that government systems around the world are very diverse and varied and so in our index, we took care to focus on capabilities that matter to all governments.”