Nigeria has risen four places to eighth position among Africa’s most investable economies, according to the 2026 Bloomberg Economics Investment Risk-O-Meter.
The improvement makes Nigeria one of the biggest climbers in the latest ranking, with the country overtaking Rwanda, Tanzania, Kenya and Namibia.
Bloomberg’s assessment covers 19 African economies and measures their relative investment prospects across five key indicators.
Nigeria recorded improvements in economic strength, fiscal strength and external vulnerability.
The development comes amid the Federal Government’s ongoing economic reforms aimed at restructuring the country’s fiscal and monetary environment.
Reforms boost Nigeria’s ranking
Some of the major reforms introduced under President Bola Tinubu include the removal of petrol subsidy, reforms to the foreign exchange market and changes to electricity tariffs.
The latest ranking suggests that the reforms are beginning to improve Nigeria’s relative position among African economies, although significant challenges remain.
Nigeria continues to face concerns around public debt, inflation, cost of living, infrastructure deficits and foreign exchange pressures.
The country’s public debt has also increased significantly in recent years, placing continued pressure on government finances.
Mauritius tops ranking
Mauritius emerged as Africa’s most investable economy in the latest Bloomberg assessment.
South Africa, which previously occupied the top position, dropped one place, while Botswana also recorded a decline.
Nigeria’s movement to eighth position nevertheless marks a notable improvement for Africa’s largest economy and oil producer.
The latest ranking could strengthen investor interest in Nigeria if the government sustains reforms and addresses the structural challenges affecting businesses and capital inflows.
