Nigeria, the acclaimed giant of Africa, has been ranked as one of the world's least prosperous countries in 2014.
The country was also named one of Africa's poorest nations beaten by smaller countries like Niger, Benin, Mali, and Cameroon, an annual global prosperity survey released this week said.
According to the report released by UK based Legatum Institute, a research organization that documents annual prosperity indicators around the world, Nigeria came 125th out of 142 countries surveyed.
It was observed that despite Nigeria's acclaimed $510billion economy, the nation failed to make the list of Africa's top 10 prosperous countries, a league dominated by Botswana and South Africa.
The report also states that, Nigeria fell to 27 in Africa in 2014, nose-diving 22 places from its ranking in 2011.
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