By Gabriel Ameh
The Tinubu Media Support Group (TMSG) has attributed growing foreign investor interest in Nigeria to what it described as the Federal Government’s pro-business approach and ongoing economic reforms.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group cited recent investment figures as evidence of increased interest in the Nigerian economy.
TMSG said Nigeria recorded about $8.4 billion in Foreign Direct Investment (FDI) between 2022 and 2025, while Final Investment Decisions (FIDs) in the oil and gas sector have also risen significantly.
The group said the figures should be viewed against a period of economic uncertainty, including currency restrictions, global shocks and macroeconomic challenges that affected investment flows into Nigeria.
Citing data attributed to the United Nations Trade and Development (UNCTAD), TMSG said Nigeria received about $895 million in FDI in 2022, $1.873 billion in 2023, $1.614 billion in 2024 and approximately $4.005 billion in 2025.
TMSG argued that the 2025 figure represented a substantial increase compared with previous years and reflected what it described as improving investor confidence.
The group also pointed to developments in Nigeria’s oil and gas industry, where several major projects have progressed towards Final Investment Decisions.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has separately reported that 22 major offshore projects expected between 2026 and 2030 could attract an estimated $30 billion to $50 billion in investment.
NUPRC has also linked recent upstream investment activity to regulatory reforms, clearer processes and efforts to create a more business-friendly environment.
TMSG said these developments showed the potential impact of reforms aimed at improving Nigeria’s investment environment.
The group further highlighted Nigeria’s foreign exchange reserves, saying reserves had risen significantly under the current administration.
TMSG acknowledged, however, that improvements in macroeconomic indicators have not necessarily translated into corresponding improvements in household-level economic conditions.
It nevertheless argued that the government should sustain its ongoing reforms and avoid policies that could undermine investor confidence.
The group urged Nigerians to remain patient with the economic reform programme, arguing that increased investment, improved liquidity and new projects could create opportunities across productive sectors of the economy.
TMSG said the government should continue creating conditions that attract investment while ensuring that such investments translate into jobs, production and broader economic benefits for Nigerians.
Globally, UN Trade and Development has cautioned that rising FDI figures do not automatically translate into equivalent increases in productive investment, jobs or technology transfer, making the quality and impact of investment an important consideration alongside headline inflows.
