Israel-Iran Conflict Could Trigger FDI Decline in Nigeria, Ghana – Report

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A new report by the African Economic Research Consortium (AERC) warns that escalating tensions between Israel and Iran may lead to a significant decline in Foreign Direct Investment (FDI) flows to Nigeria, Ghana, and other African economies.  



The study reveals that global investors are becoming increasingly risk-averse due to geopolitical instability in the Middle East, with emerging markets like Nigeria expected to bear the brunt of reduced capital inflows. According to the report, FDI to Sub-Saharan Africa could drop by 15-20% if the conflict intensifies, dealing a blow to Nigeria's already struggling economy.  


Dr. Ngozi Okonjo-Iweala, a lead analyst on the report, noted that Nigeria's oil-dependent economy is particularly vulnerable. "Investors are redirecting funds to safer havens," she said. "The conflict has caused volatility in global oil prices, which directly impacts Nigeria's revenue and investment appeal."  

Ghana, another major West African economy, faces similar risks, especially regarding its Eurobond repayments and debt restructuring efforts.  


The Nigerian government has yet to issue an official response, but financial experts urge proactive measures to mitigate the impact, including diversification and improved ease of doing business.  




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