• Population 195,874,740
  • Area (km2) 923,770
  • GDP per capita (USD) 2,028.18
  • TPES (Mtoe) 157.14
  • Energy intensity
    (toe/103 2010 USD)
  • CO2 emissions - energy (MtCO2) 85.99

Nigeria’s overall risk level against
the assessed areas is moderate.

While there are some improvements in Nigeria’s performance compared to 2019, 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

Among the three risks assessed by EIRA, unpredictable policy and regulatory change and breach of State obligations are lower compared to discrimination between foreign and domestic investors.

  • 42%
    Unpredictable policy and regulatory changes
  • 43%
    Discrimination between foreign and domestic investors
  • 42%
    Breach of state obligations

indicator performance

Nigeria’s performance against EIRA’s four indicators is moderate. It has maintained the scores from last year on the indicators management of decision-making processes (59) and rule of law (58). On foresight of policy and regulatory change, its performance has improved by a point and now stands at 56. The score on regulatory environment and investment conditions is the same as last year, at 53.

Sub-indicator performance

On a more detailed level, Nigeria’s overall sub-indicator performance is moderate. The highest-scoring sub-indicator is once again management and settlement of investor-State disputes at 75. Its score on communication of vision and policies has improved by one point and it now stands at 66. On transparency (63), regulatory effectiveness (57), institutional governance (56), restrictions on FDI (50), and robustness of policy goals and commitments (46) it has maintained the scores from last year. The lowest performance was again on the sub-indicator respect for property rights at 42.