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Nigeria Beats South Africa, Ghana, Others to Emerge as Africa’s Best-Performing Economy — IMD Report

Nigeria has emerged as Africa’s best-performing economy in the International Institute for Management Development (IMD) World Competitiveness Ranking 2026, outperforming South Africa, Ghana, Kenya, Namibia and Botswana on the report’s economic performance pillar.

The report ranked Nigeria 55th globally in economic performance with a score of 45.2, the highest among the six African countries assessed. South Africa followed with 36.27, while Ghana, Kenya, Namibia and Botswana trailed behind.

However, despite leading the continent in economic performance, Nigeria slipped one place in the overall global competitiveness ranking, dropping from 67th in 2025 to 68th out of 70 economies in 2026.

According to the report, weak infrastructure, macroeconomic instability and institutional challenges continue to hold the country back. Nigeria’s infrastructure ranking fell to 70th globally, making it the country’s weakest area.

The IMD also found that Nigerian business leaders see high borrowing costs (67.6%), exchange rate volatility (67.3%) and inflation (61.2%) as the biggest obstacles to competitiveness. Insecurity, unreliable electricity supply and transport bottlenecks were also highlighted as major concerns.

On a brighter note, Nigeria ranked 16th in public finance, 15th in tax policy and 22nd in labour market performance, showing strengths in key areas despite broader structural challenges.

The report concluded that while Nigeria currently leads Africa in economic performance, sustained reforms to improve infrastructure, strengthen institutions and reduce the cost of doing business are essential for the country to climb the global competitiveness rankings.

BATified2023:
The wailers will still come n talk bullshit about this news but once it's bad news they will suddenly become happy

See as I no mention names but observe those who will attack me

greatiyk4u:
This one na audio best performing economy
We don't need people outside to tell us when our economy is doing well, at least many of us are educated enough to know that

greatiyk4u:
This one na audio best performing economy
We don't need people outside to tell us when our economy is doing well, at least many of us are educated enough to know that

BATified2023:
The wailers will still come n talk bullshit about this news but once it's bad news they will suddenly become happy

See as I no mention names but observe those who will attack me

TopBanter:
BATified2023, see a typical example? Like Omokri eloquently put it, most Nigerians are about Rice and Eba alone.

It does not concern them Nigeria is on the way to becoming Singapore when it took that nation 30 years to get there yet so much spectacular achievement has been recorded under PBAT in 3 years meaning the future is bright.

Na beans for our central bank to emerge world central bank of the year 2026? Check out the reels below to note Nigeria is really on the move structurally for the first since 1999 with square pegs meeting square holes whereas other President in the past merely papered over the cracks to keep the business-as-usual culture going.

https://www.facebook.com/share/v/185fmtHieh/

https://www.facebook.com/share/v/18uHLaYFcU/

TopBanter:
BATified2023, see a typical example? Like Omokri eloquently put it, most Nigerians are about Rice and Eba alone.

It does not concern them Nigeria is on the way to becoming Singapore when it took that nation 30 years to get there yet so much spectacular achievement has been recorded under PBAT in 3 years meaning the future is bright.

Na beans for our central bank to emerge world central bank of the year 2026? Check out the reels below to note Nigeria is really on the move structurally for the first since 1999 with square pegs meeting square holes whereas other President in the past merely papered over the cracks to keep the business-as-usual culture going.

https://www.facebook.com/share/v/185fmtHieh/

https://www.facebook.com/share/v/18uHLaYFcU/

greatiyk4u:
You are not normal at all..... With all the reckless debts Nigeria keeps on accumulating you still have the guts to spew rubbish in a public forum like this....

It's unfortunate people with your kind of mindset are local champions

saintopus:
At 61.2 % inflation rate according to the article, does this figure gladdens your heart? For a nation like Nigeria 🇳🇬? Does this sweet you?

oyichi:
Nigeria? Best performing economy? I don't understand, is it this dilapidated country or another nigeria

greatiyk4u:
You are not normal at all..... With all the reckless debts Nigeria keeps on accumulating you still have the guts to spew rubbish in a public forum like this....

It's unfortunate people with your kind of mindset are local champions

Flangelo12:
This is despite the insecurity.

Timubu, please treble your effort in bringing long-lastikg peace and see our economy rocket 🚀.

givedemwotowoto:
Tinubulators, we see you, grasping on straws to promote a failed government, the worst government in Nigeria's history.

Unfortunately, this is only working on the minds of Tinubu's core supporters, Nigerians have rejected him.

TopBanter:
If I am not normal what are you? Go and sit down. We know the issue with you lot.

givedemwotowoto:
If you think you scored a goal, go and celebrate now, why sit there crying about how your opponents don't want to see you celebrate, like someone who's fighting with guilty conscience?

saintopus:
At 61.2 % inflation rate according to the article, does this figure gladdens your heart? For a nation like Nigeria 🇳🇬? Does this sweet you?

BATified2023:
they just hate d country n funny enough they believe we will vote for them

It's like hating a girl badly n u never say anything good about her but u are insisting u want to marry her

Is that not madness?

BATified2023:
what about USA that is one of d world most indebted country?