Storytimes Newspapers

  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 for...