- Population 195,874,740
- Area (km2) 923,770
- GDP per capita (USD) 2,027.77
- TPES (Mtoe) 159.88
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Energy intensity
(toe/103 2010 USD) 0.32 - CO2 emissions - energy (MtCO2) 104.3
Nigeria’s overall risk level against
the assessed areas is moderate.
While there are some improvements in Nigeria’s performance compared to EIRA 2020, further steps must be taken to build on the work done. Particular attention should be given to strengthening the respect for property rights in the country.
risk level
Of the three risks assessed in EIRA, discrimination between domestic and foreign investors and breach of State obligations are lower compared to unpredictable policy and regulatory change.
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Unpredictable policy and regulatory changes
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Discrimination between foreign and domestic investors
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Breach of state obligations
indicator performance
Nigeria’s performance is good on one indicator, and it is moderate on three indicators. Its score on management of decision-making processes has improved by two points, from 59 to 61. On the rule of law indicator, it has received a score of 58. Compared to EIRA 2020, its score on regulatory environment and investment conditions has increased by a point, from 53 to 54. At the same time, its score on foresight of policy and regulatory change has decreased by three points and stands at 53.
Sub-indicator performance
On a more detailed level, Nigeria’s overall sub-indicator performance is moderate. The highest-scoring sub-indicator is management and settlement of investor-State disputes at 75. Following this is the transparency sub-indicator, where its score has gone up from 63 to 65. Its score on communication of vision and policies has gone down by five points and now stands at 61. On regulatory effectiveness (57), institutional governance (56), restrictions on FDI (50) and robustness of policy goals and commitments (46) it has maintained the scores from EIRA 2020. Its lowest-scoring sub-indicator is respect for property rights with a score of 42.
