"Instability index puts Nigeria\u2019s economy on \u2018warning\u2019 status"

" Instability index puts Nigeria\u2019s economy on \u2018warning\u2019 status \r\n\r\n \r\n\r\nNigeria\u2019s\u00a0economy\u00a0is on \u201cwarning\u201d status, according to a new index that assesses the political stability risks in 47 African countries.\r\n\r\nThe Africa Country Instability Risk Index (ACIRI), developed by SBM Intelligence, a leading research and risk consultancy firm in Nigeria, ranked Nigeria 60% in the \u201cEconomy\u201d macro risk indicator category.\r\n\r\nThe ACIRI\u2019s framework uses indices such as ethnic tensions, a country\u2019s history of coups, dominant ethnic groups, economic concentration, ageing leaders, and the nature of their economies (mono-product, bi-product or multi-product), to develop a stability ranking for each country which is further divided into the \u2018Red Watch, Warning, Critical, Vulnerable, Stable and Safe\u2019 categories.\r\n\r\nThe report noted that Nigeria\u2019s economic challenges include high poverty rates, currency volatility, and debt sustainability issues.\r\n \r\n\u201cThe ACIRI is a timely tool that indicates a country\u2019s vulnerability to political instability,\u201d the report said. \u201cGiven that 2023 has been the year when the bite of longstanding state fragility has come to the fore \u2013 whether in African government takeovers or the renewal of hostilities in the Middle East, the ACIRI is a valuable resource for businesses and investors operating in Africa.\u201d\r\n\r\nThe ACIRI\u2019s macro risk indicators are grouped into four categories: Leadership and Governance (with a weighting of 40%), Economy (30%), Geopolitics (15%) and History (15%), with each indicator subdivided into several measures for an overall score of 100%. A higher score delineates a higher level of political risk to business.\r\n\r\n "

"Instability index puts Nigeria\u2019s economy on \u2018warning\u2019 status"

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