Nigeria Advances to Eighth in Africa's Investment Risk Ranking

Nigeria has risen four places to eighth in the latest investment risk ranking in Africa, as reported by Bloomberg Economics in its 2026 Investment Risk-O-Meter. This ranking assesses the investability of 19 African economies and highlights Nigeria's improvements in economic strength, fiscal strength, and external vulnerability.

The country surpassed Rwanda, Tanzania, Kenya, and Namibia due to economic reforms initiated under President Bola Tinubu, which include modifications to the foreign exchange market, petrol pricing, and electricity tariffs. Despite the high costs these reforms impose on households and businesses, Nigeria's real GDP growth reached 3.89 percent year-on-year in the first quarter of 2026, up from 3.13 percent in the same quarter of 2025.

The services sector contributed significantly to this growth, accounting for 57.73 percent of real GDP. Mauritius topped the ranking, while South Africa fell from its previous leading position.