New report conducted by Mr. Steve Hanke, an economist from John Hopkins University in Baltimore, United States of America, has revealed that Nigerians are the sixth most miserable citizens globally.
Unemployment, inflation and bank lending rates were indicators used in calculating the miserable index.
The rate of poverty and unemployment rate prevalent in Nigeria was major factors for rating the nation.
A nation’s yearly inflation rate and unemployment rate are the major indices to calculate the Misery Index.
Iran, Venezuela and Argentina are countries that ranked high in the index.
However, South Africa, Egypt and Nigeria are countries that are among the top 10 most miserable countries.