Nigeria’s Federal Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has announced an ambitious plan to attract $6 billion in foreign investment into the country’s productive economy. Speaking at the Nigerian Stock Exchange, Dr Oduwole revealed that $3 billion of this target will come from Foreign Direct Investment (FDI), focusing on strategic sectors such as infrastructure, manufacturing, agribusiness, tech, and renewable energy.
“We aim to mobilise at least $3 billion through Foreign Portfolio Investment (FPI) by working with partners like the NGX to scale innovative instruments, strengthen investor confidence, and align capital with our national priorities,” Dr. Oduwole stated. She emphasised that FPI will be used as a strategic tool for deepening liquidity, diversifying capital sources, and driving long-term value creation in the real economy.
The minister highlighted the potential of capital markets in driving Nigeria’s real-sector growth, citing areas such as green bonds, diaspora-linked securities, and SME-focused investment platforms. “As we look ahead, FMITI sees a strong alignment with the Nigerian Exchange Group and the broader capital market ecosystem,” she said
Dr Oduwole also emphasised the importance of expanding SME access to capital, enabling more Nigerian businesses to scale, formalise, and create jobs. “By transitioning 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,” she added.
The minister noted that capital markets can offer the transparency, structure, and accountability needed to attract diaspora flows into high-impact opportunities. She stressed the need for collaboration to expand product diversity, deepen secondary markets, and align regulation with investor needs.
Dr. Oduwole concluded by highlighting the ministry’s efforts to protect and enable existing investments, citing initiatives such as the Platinum Business Champions and Export Business Champions, which aim to resolve bottlenecks and improve the business environment in Nigeria
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