President Bola Ahmed Tinubu said Thursday that Nigeria attracted nearly S20 billion in foreign direct investment this year, attributing the inflow to reforms his administration introduced to improve transparency, investor confidence, and economic stability.
Speaking during a panel session at the Africa CEO Forum, Tinubu emphasized that the investment surge was the result of deliberate policy choices. He pointed to measures such as streamlining regulations, strengthening fiscal discipline, and enhancing investor protection as central to restoring trust in Nigeria’s economy.
“This achievement is not accidental,” Tinubu told participants. “It reflects our commitment to transparency and stability, and it shows that Nigeria is ready to compete for global capital.”
Economists say the investment could play a transformative role in Nigeria’s economy, helping to create jobs, expand infrastructure, and diversify growth beyond oil. The inflow is also expected to deepen partnerships with foreign companies in sectors such as technology, manufacturing, and agriculture.
Reactions from business leaders were cautiously positive. “Twenty billion dollars is a strong signal that Nigeria is back on the radar of global investors,” said Lagos‑based economist Dr. Amina Yusuf. “The challenge will be ensuring that these investments translate into real opportunities for ordinary Nigerians.”
International observers noted that while the figure is impressive, sustaining momentum will require consistent reforms and addressing structural issues such as power supply, security, and infrastructure gaps. “Confidence is fragile,” said trade consultant Jean‑Paul Moreau. “Investors will stay only if Nigeria continues to deliver on its promises.”
Tinubu’s announcement comes as African economies compete for global capital amid geopolitical uncertainty and shifting supply chains. Analysts say Nigeria’s success in attracting investment strengthens its role as a regional hub and reinforces its position in continental trade negotiations.
