Nigeria has been recorded as third worst country in the inaugural Chandler Good Government (CGGI) Index launched on Monday in Singapore.
Out of 104 countries on the league table, Nigeria sitted 102 with 0.319 points.
The data, published on the Inaugural forum is aggregated to produce a score on a scale of 0 (lowest) to 1 (highest).
The index uses 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.
It taps over 50 publicly available global data sources such as the World Trade Organisation, United Nations and World Bank.
Finland came tops with 0.848 points ahead of Switzerland and Singapore, while Zimbabwe was Nigeria’s runner up followed by Venezuela at the bottom of the log.
Mauritius, with an Index score of 0.5670 and at number 38 on the log, was Africa’s best performer.
The report noted that countries that have done well under this pillar are all market economies with sound property rights and stable business regulations.
It added that the ability to effectively tackle corruption is the indicator with the strongest correlation with overall good government rankings.
The CGGI said the ranking comes amid the Covid-19 pandemic, which has revealed strengths and weaknesses in institutions, laws, and leadership, adding that governance is the deciding factor in whether countries succeed.