The Tinubu Media Support Group (TMSG) has described the rising interest of foreign investors in Nigeria as evidence of President Bola Tinubu’s pro-business approach to governance.
The group said latest official figures showing about $8.4 billion in Foreign Direct Investment (FDI) inflows and approximately $10 billion in Final Investment Decisions (FID) reflected growing investor confidence in the Nigerian economy.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, TMSG said Nigeria had experienced a gradual decline in foreign direct investments and foreign reserves from 2012, with the situation worsening in 2020 amid the COVID-19 pandemic.
According to the group, currency controls, global economic shocks and macroeconomic uncertainty also contributed to the slowdown in foreign investments before the Tinubu administration assumed office in 2023.
TMSG, citing data from the United Nations Trade and Development (UNCTAD), said Nigeria recorded about $8.39 billion in FDI between 2022 and 2025, comprising $895 million 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 an 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 also pointed to increased investment commitments by international oil companies, saying the Tinubu administration had unlocked more than $10 billion in Final Investment Decisions in the oil and gas sector following upstream reforms.
It said the reforms had also contributed to a reduction of contracting timelines in the sector by more than 50 per cent.
On the country’s external position, TMSG said Nigeria’s gross foreign exchange reserves had risen by about $12.76 billion year-on-year to $54.61 billion as of September 2026.
The group described the reserve level as the highest in 17 years, adding that improved external liquidity had contributed to favourable assessments of Nigeria’s economy by major global credit rating agencies.
However, TMSG acknowledged that the positive macroeconomic indicators had yet to translate sufficiently into microeconomic stability for many Nigerians.
The group said it remained convinced that the Tinubu administration was continuing to pursue measures aimed at strengthening the economy and urged Nigerians to keep faith with the ongoing reforms.
TMSG also warned that reversing the current economic reforms could undermine the gains it said had been recorded and expose the country to further economic difficulties.
