Nigeria Climbs to Eighth in Africa's Investment Ranking

Nigeria has emerged as the biggest climber in Africa’s investment risk ranking, moving up four places to eighth position, as reported by Bloomberg Economics. This improvement is attributed to economic reforms implemented by President Bola Tinubu, enhancing the country's attractiveness to investors.

Nigeria surpassed Rwanda, Tanzania, Kenya, and Namibia in the 2026 Bloomberg Economics Investment Risk-O-Meter, which evaluates the investability of 19 African economies. The report indicates that Nigeria's rise was driven by stronger performance in three of the five assessed indicators: economic strength, fiscal strength, and external vulnerability.

Despite ongoing challenges such as high public debt and inflation, Nigeria's economy has continued to grow, with real GDP growth increasing from 2.54 percent in Q3 2023 to 3.89 percent in Q1 2026. The Federal Government has defended the reforms, including the removal of the petrol subsidy and changes to the foreign exchange market, as necessary despite the economic hardships they have caused for households and businesses.