Capital Importation Soars 75% to $21bn Amid Renewed Investor Confidence

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Nigeria's capital importation has surged to approximately $21 billion in the first 10 months of 2025, marking a significant boost in foreign investment inflows, according to the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole.

This figure represents a 75% increase from about $12 billion recorded in the corresponding period of 2024, and a dramatic more than 425% rise from under $4 billion in 2023. The minister disclosed this during the ministry's 2026 budget defense presentation before the Joint House of Representatives Committee on Commerce in Abuja on Wednesday, February 11, 2026.

Oduwole attributed the sharp growth to renewed investor confidence, driven by targeted reforms under President Bola Tinubu's Renewed Hope Agenda. These include coordinated investor engagements, sector-specific deal rooms, and the resolution of over 50 investor bottlenecks. She highlighted that the United Kingdom led the investment push, accounting for approximately 65% of the foreign capital inflows in 2025.

Capital importation encompasses foreign direct investment (FDI), portfolio investments, and other forms of inflows, signaling improved perceptions of Nigeria's business environment amid ongoing economic policies.

Despite the positive momentum, the minister appealed for an upward review of the ministry's proposed ₦2.72 billion capital allocation for 2026, arguing that the current amount would be insufficient to sustain the gains and scale priority programs effectively.

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