Index of Economic Freedom 2006

The Heritage Foundation and the Wall Street Journal have just published their 12th Index of Economic Freedom. Click here to see the ranking (Nigeria is 146th out of a list of 161 and is therefore categorised as a 'repressed' economy). Clicking on the word Nigeria takes you to a more detailed analysis. Nigeria's score is worse than last year, which reflects badly on the reform process. The only crumb of comfort to take away is that survey does not take into account the most recent reforms in the banking sector - their analysis is in fact two years out of date.