The
Chandler Institute of Governance (CIG), a global non-profit organisation, has
ranked Nigeria as the third-worst country in its inaugural good government
index.
The
inaugural Chandler Good Government Index (CGGI) was launched on Monday in
Singapore.
The report
taps from over 50 open data sources from global organisations.
The
organisation said the index measured the effectiveness of governments in 104
countries globally, made up of 34 indicators, which are organised into seven
pillars: leadership and foresight; robust laws and policies; strong
institutions; financial stewardship; attractive marketplace; global influence
and reputation; and helping people rise.
Nigeria,
however, scored 0.319 points and emerged 102 out of 104 countries on the index,
followed by Zimbabwe and Venezuela coming 103 and 104, respectively, on the
list.
Finland
comes first with 0.848 points followed by Switzerland, Singapore, Netherlands,
Denmark and Norway.
Mauritius,
with an index score of 0.567 is ranked 38 on the list to become Africa’s best
performer, followed by Rwanda and Botswana at number 53 and 57, respectively.
“The governance competition is the most
important contest in the world today; it is the deciding factor in whether
nations prosper,” Richard Chandler, founder of the organisation, said.
“Well-governed
countries attract capital and talent, which enable marketplace innovation,
leading to strong companies and vibrant economies. This, in turn, enables
greater investment in public services, creating a virtuous cycle.
“Launching
the inaugural Index in the middle of a global pandemic has reinforced the
positive impact of good governance, as well as the dangerous consequences of
weak government. Lessons must be learned, and urgently, as governments tackle
the critical challenges to the sustainability of our planet and well-being of
our communities, while building strong and prosperous nations. ”
The
organisation noted that the report is the world’s most comprehensive index of
governance quality and outcomes.
The
development comes weeks after StatiSense, a data technology company, ranked
Nigeria third on a list of countries with the highest unemployment rate
globally.
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