🎧 Listen Live The Beat 99.9 FM

Live on air

Nigeria moves 5 Places in Global Corruption Perception Index


January 31, 2024

Nigeria on Tuesday recorded an “improved ranking” in the Corruption Perception Index (CPI), moving five places up to rank 145 out of 180 countries assessed.

The country’s score also saw a marginal increase, reaching 25 out of a possible 100 points, compared to its previous score of 24 in last year’s CPI results.

Presenting the index to journalists yesterday in Abuja, Auwal Musa Rafsanjani, the Executive Director of the Civil Society Legislative Advocacy Center (CISLAC), noted that Nigeria’s score “falls below the sub-Saharan African average” of 33 points.

The CPI, which is arguably the most widely used global corruption ranking, assesses the perceived corruption within each country’s public sector, utilizing a scale from Zero to 100; where zero denotes “highly corrupt,” and 100 signifies a very clean system.

Coincidentally, the International Monetary Fund (IMF) has also downgraded its forecast for Nigeria’s 2024 economic growth to 3.0 percent.

The downgrade announced in its World Economic Outlook update in January 2024 released yesterday, represents one percentage point below the growth forecast of 3.1 percent made in October 2023.

The IMF also downgraded the forecast for Sub-Saharan 2024 economic growth to 3.2 per cent from 3.4 earlier forecast in October last year.