Nigeria Rises to Eighth in Bloomberg's Investment Ranking

Nigeria has risen four places to eighth in the 2026 Bloomberg Economics Investment Risk-O-Meter, becoming the biggest climber among 19 assessed African economies. This improvement is attributed to gains in economic strength, fiscal strength, and external vulnerability, overtaking Rwanda, Tanzania, Kenya, and Namibia.

Bloomberg noted that Nigeria's enhanced standing reflects the positive changes in its macroeconomic environment since President Bola Tinubu's administration began implementing significant reforms in 2023. Key reforms included the removal of the petrol subsidy, liberalization of the foreign exchange market, and adjustments to electricity tariffs, aimed at improving fiscal sustainability and restoring investor confidence.

Despite these reforms leading to higher costs for businesses and households, the assessment indicates a strengthening of Nigeria's underlying economic indicators. Economic growth reached 3.85 percent in 2025 and 3.89 percent in Q1 2026, with a further increase to 4.43 percent in Q2 2026, although growth remains insufficient to significantly improve living standards amid a rapidly growing population.