| Nigeria | |
| Rank: 69 · Score: 43.6 |
| Basic facts | ||||
| Population (millions) | 218.5 | IPOs and pulic issues (quartile) | Top | |
| GDP (US$ billions) | 478.0 | M&A volume (quartile) | 2nd | |
| GDP per capita (US$) | 2,187.5 | Venture capital investments (quartile) | Top | |
| GDP growth (per cent) | 3.2 | Private equity investments (quartile) | 3rd |
Performance Overview
| Indicator | Rank / 125 | Rank Trend | Score | |
| VC/PE Country Attractiveness Index | 69 | 51, 61, 58, 61, 56 | 43.6 | |
| 1 | Economic Activity | 53 | 71, 74, 61, 72, 72 | 76.1 |
| 2 | Depth of Capital Market | 48 | 58, 87, 84, 83, 77 | 41.7 |
| 3 | Taxation | 112 | 11, 10, 13, 14, 13 | 57.5 |
| 4 | Investor Protection and Corporate Governance | 79 | 50, 44, 45, 46, 46 | 60.2 |
| 5 | Human and Social Environment | 112 | 21, 13, 13, 13, 13 | 20.5 |
| 6 | Entrepreneurial Opportunities | 82 | 50, 54, 49, 50, 43 | 40.2 |
| Historic performance, 2019-2023 | Key driver performance, 2023 |
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Peer Group Comparison
| Regional Peers | Economic Activity | Depth of Capital Market | Taxation | Investor Protection and Corporate Governance |
Human and Social Environment |
Entrepreneurial Opportunites |
| Tunisia | 56.3 | 43.6 | 114.3 | 66.0 | 26.4 | 54.4 |
| South Africa | 18.2 | 48.8 | 83.9 | 78.8 | 30.5 | 57.9 |
| Kenya | 76.8 | 32.1 | 68.1 | 61.2 | 28.4 | 43.2 |
| Nigeria | 76.1 | 41.7 | 57.5 | 60.2 | 20.5 | 40.2 |
| Mauritius | 55.4 | 31.8 | 114.4 | 90.7 | 17.1 | 40.9 |
| Ghana | 72.4 | 29.3 | 79.2 | 49.9 | 28.7 | 39.1 |
| Tanzania | 76.5 | 31.5 | 55.1 | 48.3 | 30.2 | 34.9 |
Last updated: 4 Nov 2023