FG Targets More Investment as Capital Inflows Hit $21bn
The Federal Government has expressed optimism about Nigeria’s economic outlook, unveiling plans to deepen trade and attract more investments after the country recorded a remarkable $21 billion in capital inflows within the first 10 months of 2025.
Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, disclosed that the figure represents a significant jump from the approximately $12 billion recorded in 2024 and less than $4 billion in 2023, underscoring renewed investor confidence in Africa’s largest economy.
Speaking on the ministry’s performance and outlook, Oduwole said the government is now focused on consolidating these gains by strengthening trade facilitation, boosting exports, and accelerating industrial development. According to her, 2025 marked a turning point for Nigeria’s trade and investment landscape, driven by policy reforms, strategic partnerships, and increased engagement with global investors.
The minister attributed the surge in capital inflows to a combination of targeted investment promotion efforts and economic reforms. She revealed that the ministry facilitated more than 100 bilateral investment engagements with countries including the United States, United Kingdom, United Arab Emirates, Brazil, and Japan, helping to expand investor interest in Nigeria. The United Kingdom alone accounted for a substantial share of the inflows during the period.
Beyond attracting foreign capital, the government also reported strong trade performance. Nigeria recorded total trade valued at about ₦113 trillion in the first three quarters of 2025, while exports grew by 11 per cent year-on-year to approximately $6.1 billion, the highest level recorded in both value and volume. The country also posted a trade surplus, reflecting improving export competitiveness.
Officials said several initiatives contributed to the improved performance, including the development of over $5 billion worth of bankable projects, sector-focused investment deal rooms, and efforts to remove long-standing bottlenecks that had previously slowed investment decisions. These measures helped unlock new opportunities across manufacturing, technology, agriculture, and other key sectors.
Looking ahead, the Federal Government said it intends to build on the momentum by promoting non-oil exports, strengthening local industries, and attracting higher levels of long-term investment. The goal, according to Oduwole, is to translate growing investor confidence into sustainable economic growth, job creation, and increased prosperity for Nigerians.
