Lagos, Oct. 6, 2026 – Nigeria has jumped four positions to emerge and the most investable country in Africa in 2026..
According to the Bloomberg Economics’ 2026 Investment Risk-O-Meter, Nigeria beat Rwanda, Tanzania, Kenya and Namibia in the assessment.
The report attributed the achievement to Nigeria’s improvements in economic strength, fiscal strength and external vulnerability.
It particularly identified the economic reforms of the current administration which included petrol subsidy removal, FX liberalisation and power sector tariff adjustments.
“The continent’s biggest oil producer and refiner rose four places to eighth in the 2026 Bloomberg Economics Investment Risk-O-Meter, overtaking Rwanda, Tanzania, Kenya and Namibia as it improved in three of the five metrics assessed by the gauge, economic strength, fiscal strength and external vulnerability,” the report said.
It said these reforms lifted Nigeria’s real GDP growth from 2.54% in Q3 2023 to 3.89% in Q1 2026.
The report, however, said the reforms imposed substantial adjustment costs on businesses and households, with higher energy, transportation and food costs contributing to inflationary pressures and weakening purchasing power.