In a report released by the Heritage Foundation which is a think-tank based in Washington, Nigeria’s government is the 2nd worst in terms of integrity. It only did better than Venezuala in the Index of Economic Freedom for 2018 which takes into consideration the following quantitative and qualitative factors which re-grouped into four “broad categories, or pillars, of economic freedom”:

Rule of Law (property rights, government integrity, judicial effectiveness)

Government Size (government spending, tax burden, fiscal health)

Regulatory Efficiency (business freedom, labor freedom, monetary freedom)


Open Markets (trade freedom, investment freedom, financial freedom)

Hong Kong comes first with a score of 90.2, Singapore is second with a score of 88.8 and New Zealand, third, with score of 84.2.

Next are the countries that did worst on the index:

1. Venezuela: 7.5

2. Nigeria: 14.4

3. Cambodia: 17.7

4. Madagascar: 17.8

5. Somalia: 17.8

6. Angola: 18.9

7. Zimbabwe: 18.9

8. Lebanon: 20.2

9. Bangladesh: 21.2

10. Sudan: 21.4

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