The Tinubu Media Support Group (TMSG) has attributed the rising interest of foreign investors in Nigeria to what it described as President Bola Tinubu’s pro business approach to governance, saying the country recorded $8.4 billion in foreign direct investment (FDI) inflows and about $10 billion in Final Investment Decisions (FID).
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group said the latest investment figures reflected a gradual recovery in foreign capital inflows following years of economic uncertainty.
TMSG said 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, FDI inflows stood at $895 million in 2022, rose to $1.873 billion in 2023, reached about $1.614 billion in 2024 and climbed to $4.005 billion in 2025.
“This is strong proof of a sure and steady improvement in capital importation on the watch of President Tinubu,” the group said, adding that the 2025 inflow alone represented nearly half of the total FDI recorded over the four year period cited.
TMSG said foreign investment had been constrained in the years preceding the Tinubu administration by currency controls, global economic shocks and macroeconomic uncertainty, noting that FDI had generally declined from 2012 before being further affected by the COVID-19 pandemic in 2020.
The group also highlighted increased investment commitments by international oil companies, saying the Tinubu administration had unlocked more than $10 billion in FIDs in the oil and gas sector following reforms in the upstream industry.
According to TMSG, the reforms had also contributed to a reduction of contracting timelines in the sector by more than 50 per cent.
The group further pointed to the country’s foreign exchange reserves, claiming that gross reserves had risen by about $12.76 billion a year on year to $54.61 billion as of September 2026.
It described the figure as the highest level recorded in 17 years and said improved external liquidity had contributed to positive assessments of Nigeria’s economy by major international credit rating agencies.
However, TMSG acknowledged that improvements in 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 confident in the ongoing economic reforms, arguing that reversing them could undermine the gains it said had been recorded and create additional economic challenges.
The group maintained that Nigeria’s economy was beginning to recover under the Tinubu administration and called for continuity in the implementation of the reforms.
