The Tinubu Media Support Group (TMSG) has described the rising interest of foreign investors in Nigeria’s economy as evidence of President Bola Tinubu’s pro-business approach to governance.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group said Nigeria had recorded $8.4 billion in Foreign Direct Investment (FDI) inflows and about $10 billion in Final Investment Decisions (FID).
TMSG said official data from the United Nations Trade and Development (UNCTAD) showed that Nigeria attracted about $8.39 billion in FDI between 2022 and 2025.
According to the group, Nigeria recorded $895 million in FDI in 2022, $1.873 billion in 2023, about $1.614 billion in 2024 and $4.005 billion in 2025.
It described the figures as evidence of a steady improvement in capital inflows under the Tinubu administration, noting that the 2025 inflow alone accounted for nearly half of the total recorded over the four-year period.
The group attributed the improvement to what it described as the administration’s pro-business approach and ongoing economic reforms.
TMSG also pointed to increased investment commitments in the oil and gas sector, saying the Tinubu administration had unlocked more than $10 billion in Final Investment Decisions by International Oil Companies following reforms in the upstream sector.
It said the reforms had also resulted in a reduction of contracting timelines in the sector by more than 50 per cent.
On Nigeria’s external reserves, TMSG said the country’s gross foreign exchange reserves had risen by about $12.76 billion year-on-year to $54.61 billion as of September 2026.
According to the group, the reserve level represents the highest Nigeria has recorded in 17 years, adding that major global credit rating agencies had cited the country’s improved external liquidity position in their assessments of the economy.
TMSG, however, acknowledged that the positive macroeconomic indicators had yet to translate fully into microeconomic stability for Nigerians.
“While we acknowledge that the positive macroeconomic indicators have not so far reflected much in microeconomic stability, we are however convinced that the President Tinubu administration is not resting on its oars,” the group said.
TMSG urged Nigerians to remain committed to the ongoing economic reforms, arguing that the economy had “turned the corner” under the Tinubu administration.
The group also warned that reversing the current reforms could undermine the gains recorded so far and create further economic difficulties for the country.
