- Presidency Hails Report, Says Tinubu Surely Making Nigeria A Leading Investment Destination
- Investments In Oil and Gas, Education, Health Plummet To Paltry $460,000, $100,000, $120,000 Respectively
- Banking, Financial Sectors Contribute Whopping 96% Of All Inflows
- UK, US, South Africa Lead Biggest Source Of Foreign Capital Inflow
Nigeria attracted $10.37 billion in capital importation in the first quarter of 2026, marking an 83.8% increase compared to the $5.64 billion recorded in the corresponding period of 2025, as foreign investors ramped up purchases of money market instruments and bonds.
This is according to the latest data released by the National Bureau of Statistics (NBS) on Wednesday.
The data showed that capital inflows also rose by 61% quarter-on-quarter from $6.44 billion recorded in the fourth quarter of 2025, underscoring growing investor appetite for Nigerian financial assets.
The report read, “In Q1 2026, total capital importation into Nigeria stood at $10.37 billion, higher than $5.64 billion recorded in Q1 2025, indicating an increase of 83.83%. In comparison to the preceding quarter, capital importation increased by 60.97% from $6.44 billion in Q4 2025.”
Portfolio investment remained the primary driver of capital importation during the quarter, accounting for $9.86 billion or 95.1% of total inflows.
The figure represents an 89.5% increase from the corresponding period of 2025 and a 79.8% rise from the previous quarter. Within the category, money market instruments attracted $6.50 billion, while investments in bonds stood at $3.23 billion.
The two asset classes jointly accounted for over 98% of portfolio inflows.
In contrast, Foreign Direct Investment (FDI) remained weak despite a marginal annual improvement.
FDI inflows stood at $135.08 million, representing just 1.3% of total capital importation during the period. While this was 7% higher than the level recorded a year earlier, it declined by more than 62% from the previous quarter.
Other investments contributed $374.48 million, accounting for 3.6% of total inflows. Loans made up the bulk of this category at $364.43 million, while trade credits accounted for $10 million.
The latest figures highlight the continued preference of foreign investors for short-term financial assets over long-term productive investments in the economy.
Sectoral analysis showed that the banking industry remained the biggest destination for foreign capital.
The sector attracted $7.55 billion, representing 72.8% of total capital imported into the country during the quarter.
The financing sector followed with $2.43 billion or 23.4%, meaning the two sectors accounted for more than 96% of all inflows recorded during the period.
The production and manufacturing sector received $152.27 million, while investments in shares stood at $75.34 million.
Other sectors attracted significantly smaller amounts. Trading received $65.79 million, agriculture attracted $37.28 million, while information technology services recorded $11.33 million. Telecommunications received $7.24 million.
Notably, sectors often considered critical to economic diversification recorded negligible inflows. Oil and gas attracted only $460,000, while construction received $100,000. Education attracted $70,000 and health and social work received $120,000.
The distribution suggests that foreign investors remain concentrated in financial assets rather than productive sectors of the economy.
The United Kingdom emerged as the largest source of foreign capital into Nigeria during the quarter, accounting for $5.08 billion or 49% of total inflows.
The United States followed with $3.18 billion, representing 30.7%, while South Africa contributed $983.83 million or 9.5% of total capital imported into the country. Mauritius and the United Arab Emirates accounted for $390.07 million and $194.51 million respectively.
Among financial institutions, Standard Chartered Bank Nigeria Limited received the largest volume of capital inflows, processing $4.41 billion or 42.6% of total importation.
Stanbic IBTC Bank followed with $2.78 billion, representing 26.8%, while Rand Merchant Bank handled $930.82 million. Citibank Nigeria and Access Bank processed $782.84 million and $710.03 million respectively.
Other major receiving banks included First Bank of Nigeria, Guaranty Trust Bank, Zenith Bank, FCMB, Ecobank and Fidelity Bank.
Meanwhile, the Presidency has hailed the reported 84 per cent growth in foreign capital inflow into Nigeria, describing the development as a strong vote of confidence in the economic reforms being implemented by the administration of President Bola Tinubu.
Reacting to the latest figures, presidential spokesperson, Bayo Onanuga in a post on X said the increase in capital inflows comes at a time when the country has faced what they described as coordinated negative narratives about its economy and investment climate.
According to the Presidency, the surge in foreign investments demonstrates that international investors are increasingly viewing Nigeria as a viable and attractive destination for capital despite global economic headwinds.
“Amid all these orchestrated negative reports about our country, Nigeria, the report of 84 per cent growth in foreign capital inflow is very heartwarming indeed,” the Presidency said.
The administration maintained that the development reflects growing confidence in the government’s economic policies and reform agenda aimed at stabilising the economy, improving the business environment and attracting both local and foreign investments.
Officials noted that the Tinubu administration is steadily positioning Nigeria as a leading investment destination on the African continent, while strengthening the country’s reputation as a bankable and creditworthy economy.
“The Tinubu administration is surely making Nigeria a leading investment destination, a country that is bankable and creditworthy,” the statement added.
The Presidency expressed optimism that the positive trend would be sustained through continued reforms, enhanced investor engagement and policies designed to unlock economic growth and job creation.
The latest capital inflow report is expected to bolster the government’s argument that ongoing reforms are beginning to yield tangible results, even as authorities continue efforts to address inflationary pressures and other economic challenges facing the country.
