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Investment Climate Score

NEUTRAL

Composite of macroeconomic health, fiscal stress, FX pressure, credit conditions and governance quality. Higher = better investment environment.

Composite read2025

Investment Climate Score stands at 46.8 of 100 — neutral. Down 9.2 pts on the year, off its 2006 high of 82.8. FX Pressure Index pushes the score up most, while Real Interest Rate pulls it down. But it is weight-sensitive: plausible weightings span 35–57.

0weight-robustness band 35–57100

▲ FX Pressure Index▼ Real Interest Rate

Current Score

46.8

index 0–100 · 2025

↓ 9.2 pts vs prior

Historical Trend — last 20 periods

Line chart in /100 from 2006 to 2025. Latest 46.77 /100, down 43.5% over the period. Range 17.45 to 82.84.
Period	/100
2006	82.84
2007	72.58
2008	78.59
2009	50.13
2010	48.69
2011	32.57
2012	38.99
2013	41.52
2014	23.68
2015	17.45
2016	19.19
2017	40.23
2018	28.06
2019	23.57
2020	25.64
2021	33.55
2022	32.74
2023	42.62
2024	55.97
2025	46.77

Component Indicators

6 components

What is moving the score

What is moving the score
Component	Contribution ( pts)
FX Pressure Index	+7.8
Real Interest Rate	−7.1
Fiscal Stress Score	−5.5
Banking Spread	+1.3
Real GDP Growth Rate	+0.7
Net pull	-2.8

Each driver's weight multiplied by its distance from its own historical median (the 50th percentile). Positive pulls the composite up, negative pulls it down; a driver sitting exactly at its median contributes nothing. Ordered by absolute effect.

Driver map — weight vs current pressure. Top-right = high-weight, high-pressure (watch these).

Component driver map: weight versus current pressure
Item	weight %	pressure (percentile)
Real GDP Growth Rate	25	53
Fiscal Stress Score (0=none, 100=extreme)	20	23
FX Pressure Index (0=stable, 100=extreme)	20	89
Real Interest Rate	15	3
Banking Spread (lending minus deposit rate)	10	63

Real GDP Growth Rate25%↑ raises scorenear 5yr low

Contribution pressure: 53% of range · range -13.1–25.0 %

4.07

% · 2025

Fiscal Stress Score (0=none, 100=extreme)20%↓ lowers scorenear 5yr low

Contribution pressure: 23% of range · range 2.9–84.1 index (0-100)

63.54

index (0-100) · 2025

FX Pressure Index (0=stable, 100=extreme)20%↓ lowers score5yr low

Contribution pressure: 89% of range · range 6.4–92.9 index (0-100)

14.18

index (0-100) · 2025

Real Interest Rate15%↓ lowers score5yr high

Contribution pressure: 3% of range · range -7.9–10.3 % points

10.29

% points · 2025

Banking Spread (lending minus deposit rate)10%↓ lowers scorenear 5yr low

Contribution pressure: 63% of range · range 15.0–26.9 % points

21.9

% points · 2025

CORRUPTION_INDEX_TI10%↑ raises score

Contribution pressure: 0% of range

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Methodology — Each component is scored by its causal percentile rank against its own history to date (expanding window, no look-ahead), direction-adjusted, then weighted and summed to produce a 0–100 index. Trending nominal levels (e.g. the naira rate) enter as year-on-year change. Percentile labels compare the current reading against the prior 5-year distribution. Recomputed on every data ingest. Full methodology & validation →