Nigerian Times

Three Reasons Why Nigeria is Corrupt and Poor 1. Majority of Nigerians do not fear God. 2. Selfishness and wickedness powered by greed have made majority of Nigerians to disobey and flout one of the most important laws of God which is to love your neighbour as yourself. But majority of Nigerians who confess and profess to be "Christians" and "Muslims" have chosen and preferred to CHEAT and COMPETE with their neighbours. The obedience of this fundamental law of charity is the golden gateway to prosperity. But the disobedience of this law is the rotten gateway to corruption and poverty. Every administration seems to be in competition for the celebration of corruption. The nation is plagued by rampant corruption at all levels, from the poorest to the richest Nigerians. The difference is the fact that the rich steal more than the poor. Then the intellectual illiteracy of the majority of the people fuels the intellectual hypocrisy of the elites of the shamelessly corrupt...

8 Nov 2011 16:00 Africa/Lagos Global Growth to Lose Momentum Emerging Economies Will Account for Much of the Slowdown PR Newswire NEW YORK, Nov. 8, 2011 NEW YORK, Nov. 8, 2011 /PRNewswire/ -- World growth will slow to about 3 percent per year on average, until at least the middle of the next decade, The Conference Board reports today. Global growth is projected to grow at 3.2 percent in 2012, accelerate to 3.5 percent from 2013-2016, and then show a further slowdown to 2.7 percent from 2017-2025, according to The Conference Board Global Economic Outlook. The report provides projections for output growth of the world economy for 2012, 2013-2016, and 2017-2025, including 12 major regions and about 50 advanced and emerging economies. At 3 percent, on average, global growth will still be somewhat higher than the period 1980-1995, but between half and a full percentage point below the growth rate from 1995-2008. A recovery in advanced economies will be more than offset by a gradual slowdow...

Nigeria is at the Bottom of 2011 Global Prosperity Index Nigeria is ranked 104th out of 110 countries in the 2011 Global Prosperity Index, a worldwide assessment of wealth and quality of life. Nigeria’s best ranking is at the 54th position in social capital and the worst is her 108th position in governance. BOTTOM 10 101 Zambia 102 Kenya 103 Mozambique 104 Nigeria 105 Sudan 106 Yemen 107 Pakistan 108 Ethopia 109 Zimbabwe 110 Central African Republic The Legatum Prosperity Index(TM) [http://www.prosperity.com/_ ]) provides the world's only global assessment of national prosperity based on both wealth and well-being. The Index assesses 110 countries (accounting for over 93% of the world's population and 97% of the world's GDP) and ranks them based on their performance in eight sub-indices, including Economy, Governance, Personal Freedom, and Social Capital. "We want to assess the long term drivers of prosperity," said Jeffrey ...

28 May 2008 13:00 Africa/Lagos From Peru to Nigeria, Entrepreneurs are Battling Poverty Lessons from the Poor Examines Success Stories from Around the World " . . . fascinating . . . profoundly hopeful . . . " -William R. Easterly Professor of Economics, New York University Former Research Economist, World Bank " . . . important . . . informative . . . " -Mark C. Casson Professor of Economics, University of Reading OAKLAND, Calif., May 28 /PRNewswire-USNewswire/ -- Can the billions of people living below the poverty line teach the world a lesson about economics that most politicians and academics don't seem to understand? Internationally acclaimed political analyst and author Alvaro Vargas Llosa says they can. In Lessons from the Poor: Triumph of the Entrepreneurial Spirit (May 30, 2008/The Independent Institute/ $16.95), Vargas Llosa and a team of economists examine a series of success stories from around the world. Their case studies show how entreprene...