Nigeria Attracts $50bn In FDI, Disburses N50bn To 894 MSMEs-Oduwole

The Minister, Industries, Trade and Investment.  Dr. Jumoke Oduwole has disclosed the Federal Government tracked $50bn in committed Foreign Direct Investment (FDI) in January 2025.

She also said that a tracking mechanism has been developed to ensure the integration of the $50 billion committed FDI from bilateral engagements and state visits in priority sectors.

She also stated that in February 2025 government developed investment profiles for nine priority sectors, including agriculture, renewable energy, infrastructure, technology, tourism and hospitality, oil and gas, healthcare, critical minerals and manufacturing.

According to her, no fewer than 894 Medium Small and Medium Enterprises (MSMES) have received disbursements from the N50 billion Federal Government Intervention funds.

She disclosed these on Tuesday at the continued 2025 ministerial press briefing session hosted in Abuja, by the Ministry of Information and National Orientation.

She further said programmes are underway to provide soft loan facilities to MSMEs across the 774 Local Governments of the Country through arrangements with First City Monument Bank (FCMB).

She further said that the Federal Government is currently carrying out major policy reforms including, tax reform, pre-packaged label regulation, Central Bank of Nigeria (CBN) reform and trade policy reviews, all initiated to boost the country’s economic growth, adding that the value of capital importation: currently stands at $1.3bn from $1.25 in previous quarter.

“894 MSMEs have received disbursements from the N50b FGN intervention funds – loans value of capital importation: at $1.3bn from $1.25 previous quarter”, she added.