Tinubu's $50bn Investment Commitments Yield $2.06bn FDI

Since taking office in May 2023, President Bola Ahmed Tinubu's administration has announced more than $50 billion in Foreign Direct Investment (FDI) commitments, secured through various diplomatic engagements and investment forums across multiple sectors, including oil and gas, manufacturing, agriculture, infrastructure, logistics, and technology. However, actual FDI inflows have been significantly lower, with approximately $2.06 billion received between Q2 2023 and Q1 2026.

This amount represents about 4.3 percent of the total capital imported, which was $47.6 billion during the same period. The FDI figures for specific quarters include $86.03 million in Q2 2023, $59.77 million in Q3, and $183.97 million in Q4.

In 2024, inflows were $119.18 million in Q1, $29.83 million in Q2, $103.82 million in Q3, and $421.88 million in Q4. The trend improved in 2025, with FDI rising to $357.80 million in Q4.

As of Q1 2026, FDI stood at $135.08 million, indicating a lengthy process between project announcement and capital deployment.