Nigeria: Property rights

* indicates monthly or quarterly data series
 Nigeria

Property rights index (0-100)

 Latest value 25
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 34
 Min - Max 22 - 50
 Source The Heritage Foundation
The latest value from 2024 is 25 points, an increase from 24 points in 2023. In comparison, the world average is 54 points, based on data from 180 countries. Historically, the average for Nigeria from 1995 to 2024 is 34 points. The minimum value, 22 points, was reached in 2022 while the maximum of 50 points was recorded in 1995. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Nigeria - Property rights - Recent values chart

Historical series
Nigeria - Property rights - historical chart - 1995-2024




The property rights index for Nigeria from The Heritage Foundation reflects the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It also measures the likelihood of expropriation in Nigeria as well as the extent of corruption in the judiciary and the enforcement of contracts.
Definition: The property rights index measures the degree to which a country’s laws protect private property rights and the degree to which its government enforces those laws. It also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts. Higher index values denote more certain legal protection of property.

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 Related indicators Latest Reference Measure
 Property rights 25 2024 points
 Freedom from corruption 22 2024 points
 Fiscal freedom 44 2024 points
 Business freedom 43 2024 points
 Labor freedom 74 2024 points
 Monetary freedom 63.20 2024 points
 Trade freedom 68 2024 points
 Investment freedom 45 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 53 2024 index points
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