Nigeria's Oil Sector Drives $4bn FDI Surge in 2025
Between 2022 and 2025, Nigeria attracted about $8.39 billion in foreign direct investment (FDI), with inflows significantly increasing in 2025 to $4.005 billion, representing 48 percent of the total investment during this period. The data from the United Nations Conference on Trade and Development (UNCTAD) indicated that FDI inflows were $895 million in 2022, $1.873 billion in 2023, and $1.614 billion in 2024.
The surge in 2025 was primarily attributed to international project-finance transactions in Nigeria's oil and gas sector, including a notable project valued at approximately $2 billion. This rebound followed a 42 percent decline in FDI in 2024.
Olu Arowolo Verheijen, Special Adviser to President Bola Ahmed Tinubu on Energy, stated that more than $10 billion in Final Investment Decisions had been unlocked since 2023 due to government reforms aimed at enhancing the investment climate. She made this announcement during the 13th Olusegun Agagu Memorial Lecture in Lagos.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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