Nigeria's Oil Sector Sees $460,000 Foreign Investment Q1 2026

According to the National Bureau of Statistics, Nigeria's oil and gas sector attracted $460,000 in foreign capital in the first quarter of 2026, representing a 283.3% increase from $120,000 in the corresponding period of 2025. Despite this significant percentage growth, the actual investment value remains extremely low, accounting for virtually zero percent of the total capital import of $10.37 billion for the quarter, which is an 83.83% increase from $5.64 billion in the first quarter of 2025.

The report indicates that the oil and gas sector's inflow has declined from $9.50 million in the second quarter of 2025 to $4.60 million in the third quarter and $3.76 million in the fourth quarter. The data suggests that despite ongoing reforms aimed at reviving investor confidence, foreign capital inflow into the oil and gas industry remains weak.

In contrast, the financial services sector attracted $7.55 billion, representing 72.79% of total capital import during the same period.