Nigeria's Capital Importation Surges to $23bn in 2025

Dr Jumoke Oduwole, the Minister of Industry, Trade and Investment, announced that Nigeria's capital importation increased to $23bn in 2025 from over $12bn in 2024, marking an 83% year-on-year rise. In the first quarter of 2026, capital importation surpassed $10bn, up from $5.5bn in the first quarter of 2025.

Foreign exchange reserves exceeded $50bn, and the economy grew by over four percent in 2025, maintaining similar growth in the first half of 2026. Inflation decreased from 33.2 percent in 2024 to 14.63 percent in September 2026.

Oduwole attributed these economic improvements to reforms by President Bola Tinubu's administration, including foreign exchange unification and fuel subsidy removal. She noted that non-oil exports reached over $6bn, with significant contributions from the creative and digital sectors.

Oduwole emphasized the need for long-term investments and highlighted the importance of an efficient commercial dispute-resolution system in attracting investments.