Nigeria needs more reserves and better inflation controls, says Fitch


Buoyed by strong oil prices and a robust debut in the international debt markets last year, Nigeria has growing aspirations to enter the ranks of countries that are rated ‘investment grade' by the major credit rating agencies. To do so, however, the country will need to work hard to improve its per capita GDP, reserve cover and governance, according to Fitch Ratings.

The credit rating agency made a comparison study of Nigeria, which currently has a BB– rating, with the seven countries that have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: