Nigeria attracted about $21 billion in capital inflows between January and October 2025, marking a sharp rise compared to previous years.
The figure represents a 75 per cent increase from $12 billion in 2024 and more than a 425 per cent jump from under $4 billion in 2023.
Minister of Industry, Trade and Investment, Mrs. Jumoke Oduwole, disclosed this during her ministry’s budget defence before the House Committee on Commerce on Wednesday. She explained that the surge was driven by over 100 bilateral investment engagements, both locally and abroad, with new partners such as the UAE, Brazil, and Japan, alongside traditional allies like the United States and the United Kingdom.
According to her, UK investors accounted for roughly 65 per cent of Nigeria’s foreign capital inflows in 2025. “Our engagements have strengthened investor confidence, and the UK remains the largest source of capital importation into Nigeria,” she told lawmakers.
On trade, Oduwole reported that Nigeria recorded a surplus in 2025, with total trade valued at about ₦113 trillion in the first three quarters. Exports rose by 11 per cent year-on-year to $6.1 billion, the highest ever in both value and volume.
Capital importation figures include foreign direct investment, portfolio investment, and other forms of inflows, with the United Kingdom emerging as the dominant contributor.
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