A research and risk consulting firm, SBM Intelligence, has rated Nigeria as “stable” in its most recent “Africa Country Instability Risk Index,” which evaluates political stability concerns in 47 sub-Saharan African countries.
The Punch reported that based on the total score of the macro indicators, it was claimed that Nigeria was rated as “stable”.
The research examines the political, economic, and social aspects that affect political instability, focusing on the financial repercussions for governments and investors.
Major democracies including Ghana, Kenya, Nigeria, and Senegal indicate worries owing to conflicts, economic distress, and questions about the validity of democracy, according to the research.
According to SBM Intelligence, ACIRI uses a number of criteria to classify countries into “Red Watch, Warning, Critical, Vulnerable, Stable, and Safe” categories. These indices include ethnic tensions, coup history, dominating ethnic groups, economic variety, leadership longevity, and economic structure.
It was mentioned that the framework benefited a variety of stakeholders, and it was also mentioned that governments might utilize it to identify and reduce the risks of political instability, allowing for the creation of early warning systems and conflict-resolution techniques.
According to the company, “Transnational enterprises can use ACIRI to identify high-risk regions and build backup plans for investment protection, facilitating engagement with governments and other businesses.”
