Composite of macroeconomic health, fiscal stress, FX pressure, credit conditions and governance quality. Higher = better investment environment.
NEUTRALHigher is healthier
46.8current score · 2025↓ 9.2 pts vs prior
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 reading46.8index 0–100 · 2025↓ 9.2 pts vs prior
Historical trajectory · 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 evidence
Drivers and contribution pressure
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 %
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
—
·
Methodology and validation
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 such as the naira rate enter as year-on-year change. Percentile labels compare the current reading against the prior five-year distribution. The monitor is recomputed on every data ingest. Full methodology and validation →
