Regulatory Quality - Governance estimate in Nigeria

Nigeria: Regulatory Quality - Governance estimate was -0.6333 approx. -2.5 to +2.5 in 2024. ▲ Rising

Latest (2024)
-0.6333 approx. -2.5 to +2.5
Change on year
up 23.5%
World rank
147th
of 204 countries
All-time high
-0.6333 approx. -2.5 to +2.5
in 2024
All-time low
-1.24 approx. -2.5 to +2.5
in 2004
Years of data
26
1996–2024

Regulatory Quality - Governance estimate in Nigeria, 1996–2024

-1.2-1-0.8-0.61996201020241996: -1.1 approx. -2.5 to +2.51998: -1.1 approx. -2.5 to +2.52000: -1.2 approx. -2.5 to +2.52002: -1.2 approx. -2.5 to +2.52003: -1.1 approx. -2.5 to +2.52004: -1.2 approx. -2.5 to +2.52005: -1 approx. -2.5 to +2.52006: -0.899 approx. -2.5 to +2.52007: -0.841 approx. -2.5 to +2.52008: -0.761 approx. -2.5 to +2.52009: -0.751 approx. -2.5 to +2.52010: -0.911 approx. -2.5 to +2.52011: -0.876 approx. -2.5 to +2.52012: -0.753 approx. -2.5 to +2.52013: -0.741 approx. -2.5 to +2.52014: -0.794 approx. -2.5 to +2.52015: -0.74 approx. -2.5 to +2.52016: -0.815 approx. -2.5 to +2.52017: -0.778 approx. -2.5 to +2.52018: -0.83 approx. -2.5 to +2.52019: -0.865 approx. -2.5 to +2.52020: -0.887 approx. -2.5 to +2.52021: -0.873 approx. -2.5 to +2.52022: -0.996 approx. -2.5 to +2.52023: -0.827 approx. -2.5 to +2.52024: -0.633 approx. -2.5 to +2.5

Source: The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG). Measured in approx. -2.5 to +2.5.

Analysis

In 2024, regulatory quality - governance estimate in Nigeria stood at -0.6333 approx. -2.5 to +2.5. That is the highest value across all 26 years on record.

Compared with earlier readings it is up 23.5% on the previous year and up 20.2% over ten years.

Over the whole period, regulatory quality - governance estimate in Nigeria peaked at -0.6333 approx. -2.5 to +2.5 in 2024 and was at its lowest, -1.24 approx. -2.5 to +2.5, in 2004.

Nigeria ranks 147th of 204 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s -1.07 approx. -2.5 to +2.5 -1.07 approx. -2.5 to +2.5 -1.06 approx. -2.5 to +2.5 2
2000s -1 approx. -2.5 to +2.5 -1.24 approx. -2.5 to +2.5 -0.751 approx. -2.5 to +2.5 9
2010s -0.8102 approx. -2.5 to +2.5 -0.9113 approx. -2.5 to +2.5 -0.7402 approx. -2.5 to +2.5 10
2020s -0.8434 approx. -2.5 to +2.5 -0.9963 approx. -2.5 to +2.5 -0.6333 approx. -2.5 to +2.5 5

Countries ranked near Nigeria

  1. 144 Papua New Guinea -0.6004 approx. -2.5 to +2.5 compare
  2. 145 Honduras -0.628 approx. -2.5 to +2.5 compare
  3. 146 Cambodia -0.6314 approx. -2.5 to +2.5 compare
  4. 148 Laos -0.636 approx. -2.5 to +2.5 compare
  5. 149 Eswatini -0.638 approx. -2.5 to +2.5 compare
  6. 150 Ecuador -0.6464 approx. -2.5 to +2.5 compare

See the full ranking of 204 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is regulatory quality - governance estimate in Nigeria?
Regulatory quality - governance estimate in Nigeria was -0.6333 approx. -2.5 to +2.5 in 2024, according to The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG).
What is the highest regulatory quality - governance estimate recorded in Nigeria?
The highest recorded value was -0.6333 approx. -2.5 to +2.5 in 2024.
What is the lowest regulatory quality - governance estimate recorded in Nigeria?
The lowest recorded value was -1.24 approx. -2.5 to +2.5 in 2004.
How does Nigeria rank for regulatory quality - governance estimate?
Nigeria ranks 147th out of 204 countries with data for 2024.
Is regulatory quality - governance estimate rising or falling in Nigeria?
Over the last ten years it is up 20.2%. The long-run trend across the full record is rising.
Where does this Nigeria data come from?
The figures come from The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG), published as part of Regulatory Quality - Governance estimate (approx. -2.5 to +2.5). Statizoid updates them automatically from the source API.

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About this data

Indicator
Regulatory Quality - Governance estimate (approx. -2.5 to +2.5)
Unit
approx. -2.5 to +2.5
Source
The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
204 places, 5,143 data points, 1996–2024
Last refreshed

Regulatory Quality (RQ) captures perceptions of the government’s ability to design and implement policies and regulations that promote private sector development. Governance estimate from the aggregation model, in units of a standard normal distribution, i.e. ranging from approximately -2.5 to 2.5. Larger values correspond to better governance. The (country-series-time) metadata include the (a) number of sources, and (b) standard error. The number of sources indicates the number of underlying data sources on which the governance estimate is based. The standard error indicates the precision of the governance estimate. Larger values indicate less precise estimates. A 90% confidence interval for the governance estimate is given by the estimate +/- 1.64 times the standard error.