To build on the foundation established in the introduction, we will evaluate the economic health of nations to gain a clearer understanding of their current realities. The health of each nation is evaluated using the criteria outlined in the S-F-C-S framework, providing both quantitative and qualitative insights into selected countries. This requires considering multiple perspectives and understanding their interconnections. While these perspectives may not be exhaustive, it's important to ensure a comprehensive approach to identify the key factors at play to establish cause and effect relationship. These perspectives include the economy, politics, markets, history, geopolitics and more.

The interconnected nature of societal components is exceptionally complex. To understand these relationships, we will explore five key dimensions: People, Environment, Organizations, Government, and Capital Markets. Our analysis will consider each dimension through the perspectives of survivability, connectivity, functionality, and sentiments, incorporating elements from disciplines like sociology, economics, politics, science, technology and many more etc. Evaluating these dimensions will showcase the value and the relationships among them to assess their overall viability and effectiveness.

The most critical components of any modern society, in my view, are People, Organizations, Environment, Government, and Capital Markets. While some may disagree, my research indicates that despite the use of different metrics to assess a country’s health at a macro level, investors focused on value often arrive at similar conclusions—whether consciously or unconsciously—drawing from the components of POEGC. The essential factor is the application of universal and timeless principles, regardless of location, to guide effective decision-making.

At a fundamental level, People, Organizations, and Governments are all governed by core financial principles. The financial complexity inherent in each of these actors is evident in various attributes, highlighting their interdependencies. The relationships among these three entities are intricate, with numerous tools available to monitor and balance their activities. For a country to operate effectively, it must ensure that it delivers value to all three actors - for example generating tax revenue for the government, providing profits for organizations, and offering a living wage for employees.

People are the most important asset on the planet earth. People set the motion for everything to function individually and co-exist whereby these activities will be value adding. People have identified resources, transformed them into valuable creations, managed these creations throughout their lifecycle, and overseen their eventual phase-out—effectively orchestrating a vast ecosystem composed of numerous interconnected subsystems. As crucial as people are, the complexity of working together to create value cannot be ignored, as differing expectations, cultural diversity, and varying individual goals make collaboration both challenging and essential.

"Throughout history, the greatest victories have been won by people working together to overcome their challenges and achieve their goals. When individuals come together with a common purpose, they can achieve extraordinary things that would be impossible individually."

• Ray Dalio

Evaluation of Nigeria’s Economy

A high-level evaluation of Nigeria's economy will be conducted using four key criteria: survivability, functionality, connectivity, and sentiment. These criteria will be analyzed across five essential domains: People, Organizations, Environment, Government, and Capital Markets (POEGC). This approach aims to provide a comprehensive understanding of the economic system and its ability to sustain, perform, and evolve.

Survivability serves as the foundation of this evaluation. It assesses whether the components of POEGC can exist and operate under current conditions. Without survivability, the system cannot be sustained, and all other elements are at risk. This criterion establishes the baseline for the functioning of the economy, ensuring that the fundamental needs of individuals, institutions, and structures are met.

Building on survivability, functionality examines how effectively and efficiently the individual components and the POEGC system as a whole perform their roles. This evaluation provides insights into the internal mechanics of the economy, focusing on whether the various parts are achieving their intended purposes and contributing to the overall system's health.

Connectivity explores the relationships and interactions between the components of POEGC. Understanding these connections is critical to assessing how integrated the system is and how the different parts influence one another. A well-connected system is more likely to demonstrate resilience, adaptability, and collective success, while a lack of connectivity can lead to fragmentation and inefficiency.

The final criterion, sentiment, captures the perceptions and outlooks of individuals, organizations, and the government regarding the economic health of Nigeria. This criterion reflects the overall confidence in the system and is shaped by insights from survivability, functionality, and connectivity. Sentiment provides a pulse check on the collective mindset, influencing decisions and shaping the country's trajectory.

To contextualize these findings, Nigeria’s rankings will be compared with those of other countries, particularly those with significant Nigerian diaspora populations. This comparison will offer a broader perspective on Nigeria's global standing and potential for growth, enriching the evaluation and its implications for the future.