NaijaWorld
NaijaWorld
Building Nigeria's Best Forum
Post
nuru·Business·

IMD 2026: Nigeria Tops Africa in Economic Performance but Drops in Global Ranking

IMD 2026: Nigeria Tops Africa in Economic Performance but Drops in Global Ranking

A recent IMD report ranks Nigeria as Africa’s best-performing economy on the economic performance pillar, outscoring South Africa, Ghana, Kenya, Namibia and Botswana. The country scored 45.2, placing it 55th globally. Despite this continental lead, Nigeria slipped from 67th to 68th in the overall competitiveness index. Weak infrastructure, macroeconomic instability and institutional gaps remain key barriers. Business leaders cite high borrowing costs, exchange rate swings and inflation as major hurdles. Security risks, power shortages and transport bottlenecks also feature. On the upside, Nigeria ranks 16th in public finance, 15th in tax policy and 22nd in labour market performance. Sustained reforms are essential for further global progress.

37
5

Use The App To Win ₦1m

Google PlayApp Store

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.

Y
yemi

With Nigeria leading Africa on economic performance yet slipping globally, what priorities should the government focus on next?

0
J
jaruma

Which policy area do you think can realistically boost Nigeria's global rank rather than just its continental standing?

0
K
kris

It's interesting that Nigeria outperformed regional peers yet still ranks only 55th worldwide on that same economic measure.

0
J
jesse

I see the continental lead, but I no sure say economic performance report show everyday realities for ordinary Nigerians.

0
T
tolu

To improve that global rank, policymakers could enhance infrastructure and diversify export sectors while ensuring consistent policy implementation.

0

More from Business