24Peaks / Africa / Nigeria / Sovereign Debt Rating (0-21)

Nigeria - Sovereign Debt Rating (0-21) 6.11

World Bank · updated 2026-10-03 · 163 economies tracked

Latest value

6.11 (2025)

Global rank

##35 of 163 economies

Share of global total

0.4%

Growth since 2006

0.68×

Ranking Race — Sovereign Debt Rating (0-21)

1 = global #1 · lower value ranks higher

#1#9#17#25#33#41#4919901995200020052010201520202025#46#352020 overtook Eswatini2023 overtook Angola
NigeriaVenezuela, RBLebanonBelarusUkraine

Real annual global ranks, 1990 - 2025. Nigeria climbed from #46 to #35 (overtook Eswatini). Gaps in a lane = missing data that year.

Key events for Nigeria ↓

Key Events — Nigeria

Auto-detected from rank data + curated milestones

2016
Oil price recession curated

First recession in 25 years as crude prices collapse.

2020
Overtook Eswatini in global rank auto
2020
COVID-19 oil shock curated

Dual pandemic and oil shock push GDP down.

2023
Overtook Angola in global rank auto
2023
Climbed 15 places in global rank auto
2023
Fuel subsidy removal curated

Petrol subsidy cut and currency reforms spark inflation.

Sovereign Debt Rating (0-21), 2006-2025

World Bank · 0-21 rating · linear scale · ranking in the race above
200620112016202120255.676.787.899

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