Lagos, April 30, 2025 – The federal government plans to achieve $6 billion foreign investment inflow into the economy this year.
Dr Jumoke Oduwole, the Minister of Industry, Trade and Investment (FMITI), said this on Tuesday during the ‘Closing Gong’ ceremony of the Nigerian Exchange (NGX) in Lagos.
She said $3 billion of the targeted foreign investments would be in form of Foreign Direct Investment (FDI) that would be invested in strategic sectors like infrastructure, manufacturing, agribusiness, tech and renewable energy.
She said the remaining $3 billion would be in Foreign Portfolio Investment (FPI) that would be attracted by working with the NGX as partner.
She said the government considered FPI as strategic tool for deepening liquidity, diversifying capital sources and driving long-term value creation in the real economy.
“As we look ahead, FMITI sees a strong alignment with the Nigerian Exchange Group and the broader capital market ecosystem.
“We believe capital markets can serve as more than funding platforms – as strategic enablers of Nigeria’s real-sector growth.
“This will require continued collaboration across at least six key areas and together, we can champion and enable the birth of the next generation of unicorns through digital trade and service exports under the AfCFTA,
“As Nigeria transitions to a more sustainable industrial base, capital markets can be the primary channel for green bonds, ESG-linked products and infrastructure notes that align with our climate goals.
“Also, Nigerians abroad are looking for credible ways to invest in the country’s future.
“Capital markets can offer the transparency, structure and accountability needed to attract diaspora flows into scalable, high-impact opportunities,” she said.
Oduwole also urged the NGX to assist in achieving a $1 trillion economy by 2030 as being envisioned by President Bola Tinubu.
She promised that her ministry would collaborate with the capital market on at least six key areas to drive the achievement of the $1 trillion economy
Oduwole commended the capital market community for stabilising the economy and attracting foreign investments.
Dr Umaru Kwairanga, the Chairman of NGX Group, said the capital market was ready to collaborate with the to achieve the goal of $1 trillion economy by 2030.
He commended the president for signing the Investments and Securities Bill (ISB) 2025 into law.
