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Nigeria is ranked fifth among Africa’s top-performing economies in 2026

Nigeria has emerged as the fifth-best performing country in Africa in the 2026 edition of the Africa Performance Index compiled by Jeune Afrique and The Africa Report, reflecting the country’s growing economic influence, innovation capacity, and regional importance despite ongoing governance challenges.
 
The annual ranking, now in its second edition, evaluates African countries using a methodology that extends beyond traditional economic indicators such as GDP. Instead, it measures performance across governance, influence and innovation, offering a broader assessment of how countries are positioning themselves for long-term growth and competitiveness.
 
South Africa retained its position as Africa’s 20 best performing country, maintaining a comfortable lead over its peers. The report attributed its top ranking to strong performances in influence and innovation, supported by its academic and scientific ecosystem, diplomatic reach, entrepreneurial activity, and membership of global platforms such as the BRICS bloc and the G20.
 
Mauritius moved into second place on the back of institutional stability, an attractive business environment and successful economic diversification, while Namibia emerged as the biggest riser in the ranking, jumping from 15th place to third. The southern African nation was rewarded for improvements in governance, tax collection, infrastructure development and financial market performance.
 
Morocco ranked fourth, consolidating gains from years of investment in infrastructure, manufacturing, renewable energy and sports development.
 
Nigeria’s rise into the top five was one of the standout developments in the 2026 edition. The country gained four places compared with the previous ranking, benefiting from the size of its market, its regional influence and its growing innovation ecosystem.
 
According to the report, Nigeria remains hampered by weak governance indicators but continues to rank among Africa’s heavyweight economies due to its capacity for innovation and influence. The country’s vibrant startup ecosystem, expanding digital economy and growing cultural exports have strengthened its position on the continent.
 
Nigeria’s progress stood in sharp contrast to Egypt, which fell four places to sixth position. The report said Egypt was weighed down by declining GDP per capita, debt levels exceeding 90 per cent of GDP, weak regional integration and poor rule-of-law indicators.
 
The ranking also highlighted the growing importance of West Africa as a driver of continental performance. Alongside Nigeria, Ghana ranked eighth and Côte d’Ivoire ninth, reflecting the increasing economic rivalry and cooperation between some of the region’s fastest-growing economies.
Beyond the top performers, Algeria recorded one of the strongest improvements, rising to 12th place, while Mauritania entered the top 20 for the first time, supported by growing diplomatic influence. Mozambique also joined the ranking. In contrast, Ethiopia suffered a sharp decline due to weaknesses in governance and fiscal transparency, while Botswana, Tanzania, and Kenya lost ground under the revised methodology.
 
The 2026 ranking is based on 24 indicators grouped into three categories. Governance accounts for 50 per cent of the overall score and measures factors including tax collection, GDP per capita growth, foreign direct investment, debt sustainability, political stability, and the rule of law. Influence and innovation each account for 25 per cent of the index, assessing diplomatic reach, cultural and sporting impact, educational performance, startup funding, patent activity, and research capacity.
 
Julien Wagner, director of special content, partnerships, and media diversification at Jeune Afrique Media Group, said the ranking was intentionally designed to capture the changing dynamics shaping the continent.
 
“This ranking has a deliberately dynamic and forward-looking dimension, giving greater weight to recent trends. It shows that a country’s performance cannot be reduced to its size, its wealth, or its demographic weight. It is measured by the consistency of its long-term choices, the robustness of its institutions, its capacity for innovation, and its ability to exert influence,” Wagner said.
 
He added that the latest edition reveals a continent in motion, where certain balances are confirmed while new players are making their mark, noting that the ranking is increasingly becoming “a genuine barometer” of Africa’s evolving economic and geopolitical landscape.
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