Nigeria attracted nearly $14bn in combined foreign portfolio investment and foreign direct investment in the first nine months of 2025, driven by renewed investor confidence and wide-ranging economic and investment reforms, the Federal Government has stated.
According to the Federal Ministry of Industry, Trade, and Investment on Tuesday, this $14bn in combined FPI surpasses the total inflows recorded in 2024.
In a document titled ‘2025: A Defining Year for Nigeria’s Industry, Trade and Investment,’ the ministry noted that foreign portfolio investment led the recovery, rising to $12.99bn. Foreign direct investment showed “promising, robust growth from a historically low base.”
According to the document, FDI expanded by 700 per cent quarter-on-quarter in Q3 2025 and reached $936m year-to-date, signalling “renewed investor confidence in Nigeria’s reform trajectory.
The ministry attributed the surge in capital inflows to macroeconomic and structural reforms implemented under the Renewed Hope Agenda of President Bola Tinubu, including foreign exchange liberalisation, the removal of fuel subsidies, monetary tightening, and stronger investor aftercare.
It stated, “As a result, combined foreign portfolio investment and foreign direct investment reached nearly $14bn in Q1–Q3 2025, surpassing total inflows in 2024,” adding that the Nigerian Exchange also ranked among the world’s top-performing stock markets during the year.
Additionally, the ministry noted that Nigeria recorded progress in converting investment commitments into live projects, with four priority projects valued at $13.7bn advancing during the year.
