According to the Henry Opportunity Index, Singapore ranks third among countries with the most opportunities for success and wealth creation, with an opportunity score of 79 per cent, ahead of the United States (82 per cent) in second place and It is tied with Switzerland (85%), which ranks first. .
The index, by Henley & Partners, an international advisory firm on investment immigration, tracks across six benchmarks including top-notch education, career advancement, earning potential, top-notch job opportunities, economic mobility and residency. Major countries were evaluated and scored.
According to the report, “premium education combined with additional residency rights and alternative citizenship can significantly increase the chances of success.”
The report shows that Nigerian families are more likely to gain wealth in Singapore through the country’s investment migration program than in their home country. Singapore has high earning potential with a pretty commendable premium education and excellent economic mobility score, making it one of the most desirable countries to migrate to in search of growth opportunities. Masu.
In 2022, Singapore’s net inflow of HNWIs (recording the difference between the number of HNWIs who immigrated to and from a country in a given year) was 2,900, again ranking third in the world. secured the position. Global ranking. The net inflow of wealthy people in 2023 is expected to reach 3,200 people.
However, Nigeria’s net wealth inflow fell to a negative record of -200 in 2022. This means that more wealthy people have left the country than inflows into Nigeria, contributing to Nigeria’s low opportunity score.
According to World Bank statistics, more people left Nigeria than entered the country in 2021. Net immigration in 2021 was -76,364 people, worse than -4,824 people in 2020, which was within the acceptable range due to the impact of the coronavirus. By comparison, Singapore was able to retain more people and attract others, with net migration of 19,321 in 2021.
Low income potential, average education levels, and poor economic mobility place Nigeria and its African neighbors at significantly lower standards than their Asian and European counterparts.
Singapore’s prospects for success and wealth creation are not far off. The establishment of major investment migration programs to increase earning potential and global liquidity has greatly increased these opportunities. He is also part of the Singapore Global Investor Program.
The program allows investors who can support their finances with proven entrepreneurial skills to apply for PR (Permanent Residency) in Singapore. The scheme is officially known as the Global Investor Program (GIP Scheme), also referred to as the Investor Scheme.
Potential investors can either start a new company or strengthen an existing one in Singapore. This will draw global financial institutions into Singapore’s economy and strengthen local industry.
According to the Henley Education Report, the top 10 countries with the most opportunities to succeed and grow your global outlook include Switzerland with an 85% chance of success and prosperity, the United States (82%), and Singapore (79%) , including Australia (75%). ), Canada (74%), UK (73%), Austria (64%), Hong Kong (64%), Spain (63%), UAE (63%).
