Research, Consultancy Firm Rates Nigeria As Stable

Nigeria has been rated as ‘stable’ by research and risk consultancy firm, SBM Intelligence, in its latest “Africa Country Instability Risk Index”, which assesses political stability risks in 47 sub-Saharan African nations.

It stated that Nigeria was rated as ‘stable’ based on the overall macro indicator score.

The report analyses political, economic, and social factors influencing political instability, emphasising the economic consequences for investors and governments.

Reports said, major democracies like Ghana, Kenya, Nigeria, and Senegal exhibit concerns due to conflicts, economic strain, and doubts about democratic legitimacy.

“ACIRI employs various indices, including ethnic tensions, coup history, dominant ethnic groups, economic diversity, leadership longevity, and economic structure to categorize countries into ‘Red Watch, Warning, Critical, Vulnerable, Stable, and Safe’,” SBM Intelligence said.

It noted that the framework served diverse stakeholders, adding that governments could use it to recognise and mitigate political instability risks, enabling the development of early warning systems and conflict-resolution measures.

The firm said, “Transnational corporations can leverage ACIRI to identify high-risk countries and establish contingency plans for investment protection, facilitating collaboration with governments and other businesses”.

Olusola Akintonde/Punch