Minister of Industry, Trade and Investment, Jumoke Oduwole, has disclosed that Nigeria recorded approximately $21 billion in capital importation in the first 10 months of 2025.
This marks an increase from about $12 billion in 2024 and under $4 billion in 2023.
The minister who disclosed this during the defence of the ministry’s 2026 budget proposal before the Joint House of Representatives Committee on Commerce in Abuja, said the development signals a strong rebound in investor confidence, hence the need for an upward review of the ministry’s proposed N2.72 billion capital budget for 2026.
Oduwole explained that the ministry’s 2026 programmes are structured around industrial growth, trade expansion, and investment promotion, but warned that current capital provisions may limit full execution of priority projects.
Speaking on the rise in capital importation, she explained that, “the curation of over $5 billion in bankable projects, sector-specific deal rooms, and Nigeria’s inaugural domestic investors’ summit” contributed to the rebound.
