Adesugba Reports $10.37bn Capital Inflows, Low FDI in 2026

In the first quarter of 2026, Nigeria attracted $10.37 billion in total capital inflows, but only $135.08 million was allocated to foreign direct investment (FDI), as stated by Prof. Adesoji Adesugba, the First Deputy President of the Abuja Chamber of Commerce and Industry (ACCI). Speaking at the 20th anniversary conference of the Commerce and Industry Correspondents Association of Nigeria in Abuja, he expressed concerns over the low level of FDI, which accounted for only about 1.3 percent of total capital importation.

Adesugba highlighted that Nigeria must enhance its productive capacity to support the federal government's ambition of achieving a $1 trillion economy by 2030. He noted that the country's GDP grew by 4.43 percent year-on-year in Q2 2026, with a decline in headline inflation to 14.63 percent in September 2026.

However, he warned that these improvements had not yet resulted in sufficient long-term investments or enhanced manufacturing capacity. Adesugba stressed the need for annual economic growth of at least six percent and reliable electricity supply to support industrial expansion.