Plus234Feed

Nigeria's Capital Inflow Surges to $21 Billion in 2025, Minister Credits Economic Reforms

Nigeria's Capital Inflow Surges to $21 Billion in 2025, Minister Credits Economic Reforms

The Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, revealed that Nigeria experienced a notable surge in capital importation, with a total of $21 billion recorded in the first 10 months of 2025.

This amount represents a substantial increase compared to $12 billion in 2024 and $4 billion in 2023. Oduwole emphasized that this surge is a clear indication of renewed investor confidence in Nigeria, driven by the impact of targeted economic reforms under President Bola Tinubu's administration.

The Minister attributed this rebound to key interventions by the Ministry, including the curation of $5 billion bankable projects and the establishment of sector-specific deal rooms to attract both domestic and international investors. Oduwole also highlighted the Ministry's efforts in engaging with major global markets through bilateral investment engagements, with a focus on removing structural barriers that previously hindered investment decisions.

The sustained engagement with the United Kingdom has yielded tangible outcomes, with UK investors contributing approximately 65% of Nigeria's foreign capital inflow in 2025.

Plus234Feed summary based on reporting from Daily Independent. Read the original report below.

Read full article

Continue on Daily Independent

Visit
Share