The Oxford Economics Africa has announced the Federal Republic of Nigeria as the ‘fourth riskiest African country to invest in’.
The seventh edition of the African Risk-Reward Index ranked Nigeria 7.24 on the scale of 1-10.
“The risk score stems from the economic and political risk evaluator. Each political and economic rating is assigned a default weight based on its significance in the country context and I potential impact on business.
“The reward score incorporates medium-term economic growth forecast, economic size, economic structure and demographics,” according to the report.
Ethiopia, Zimbabwe and Democratic Republic of Congo are top on the list with score of 7.65; 7.56 and 7.44 respectively.
The ranking indicates that Mauritius and Botswana are the safest destinations with risk score of 3.71 and 3.81 respectively.