- Nigeria Drops on KPMG’s Ranking
Nigeria dropped five places to be ranked 158 in a new report released by KPMG, audit and financial advisory firm.
The report, which is titled Growth Promise 2018, ranked countries based on macroeconomic stability, institutional strength, openness and human capital.
Nigeria ranked 158 of the 181 countries. Mauritius, Botswana and Rwanda were the highest ranked African countries in the report.
Nigeria got a score of 7.45 on macroeconomic stability, which considers government debt and government stability.
This was the third highest score obtained by an African country on the chart.
The federal government has been using a number of debt instruments to raise funds for the deficit of the 2017 budget. These include the FGN Savings bond, Sukuk and treasury bills.
