Nigeria's Capital Importation Hits $21 Billion in 10 Months of 2025, Ministry Focuses on Investor Confidence

The Ministry of Industry, Trade and Investment in Nigeria revealed that capital importation surged to $21 billion in the first 10 months of 2025, marking a substantial increase from $12 billion in 2024 and $4 billion in 2023. Dr. Jumoke Oduwole, a key figure in the Ministry, disclosed this information during a budget defense session with the joint House of Representatives committee in Abuja.

The Ministry sought an upward review of its proposed capital budget of N2.72 billion for 2026 to support industrial growth, trade expansion, and investment promotion. Dr. Oduwole emphasized the importance of engaging both domestic and foreign investors to drive Nigeria's competitiveness as an investment destination.

The Ministry's 2026 programs are structured around stimulating economic growth and prioritizing key projects to enhance trade indicators and revenue generation. Additionally, the Ministry engaged in bilateral investment discussions with various countries to strengthen trade partnerships and attract foreign capital inflows.