The Director General of the National Information Technology
Development Agency (NITDA), Dr. Isa Pantami has said the President Muhammadu
Buhari administration is “making concerted efforts to ensure that Nigerian
citizens are second and happiest country like Nordic citizens”.
It was gathered that the NITDA Boss stated this while
representing Vice President Yemi Osinbajo at an event put together by the
Nordic Countries in Nigeria, with the theme: “Nordic Nigeria Connect:
Innovating for Change”.
“This administration has made deliberate efforts to
encourage foreign investment by putting in place strategic policies to
strengthen global relations.
“Nigeria, particularly under the present administration has
made a lot of investments in technology innovation and has taken technology
entrepreneurship to an unprecedented level.
“Some of these policies include the Visa on Arrival, online
company registration within 24hrs, tax holidays, etc.
“The relationship between Nigeria and Nordic countries have
been in existence for long and Nigeria has benefitted from Nordic Countries.
“Nigerian government is making deliberate efforts in
promoting collaboration on investments and technology transfers. Nigeria looks
up to Nordic Countries in so many areas especially in Judiciary.
“In Nigeria, the administration of Buhari is also making
concerted efforts to ensure that Nigerian citizens are second and happiest
country like Nordic citizens,” he said.
In March, an economist from John Hopkins University in
Baltimore, US, Steve Hanke, has ranked Nigeria as the sixth most miserable
country in the world.
The ranking is titled, Hanke’s Annual Misery Index 2018: The
World’s Saddest (And Happiest) Countries.
Writing in the Forbes magazine of March 28, the economist
noted that Misery Index is calculated using economic indices such as
unemployment, inflation and the rates banks charge on loans.
“In the sphere of economics, misery tends to flow from high
inflation, steep borrowing costs and unemployment,” Hanke warned.
The Index noted that the high rate of unemployment in
Nigeria contributes largely to its unflattering rating on the Misery Index.
Hanke, in his explanatory note wrote, “The original Misery
Index was just a simple sum of a nation’s annual inflation rate and its
unemployment rate.
“The Index has been modified several times, first by Robert
Barro of Harvard and then by myself.
“My modified Misery Index is the sum of the unemployment,
inflation and bank lending rates, minus the percentage change in real GDP per
capita.
“Higher readings on the first three elements are ‘bad’ and
make people more miserable. These are offset by a ‘good’ (GDP per capita
growth), which is subtracted from the sum of the ‘bads.’
“A higher Misery Index score reflects a higher level of
‘misery,’ and it’s a simple enough metric that a busy president, without time
for extensive economic briefings can understand at a glance”.
Thailand and Hungary rank as the least miserable countries
in the world on the 2018 Misery Index, having ranked 95th and 94th respectively
of the 95 countries ranked by Hanke.
Venezuela, Argentina, Iran, Brazil and Turkey lead in that
order, while Nigeria is the sixth.
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People that are making us sad are planning on making us happy. God saves our soul
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