The Tinubu Media Support Group (TMSG) has described the increasing interest of foreign investors in Nigeria’s economy as a reflection of the pro-business mindset which President Bola Tinubu brought into governance in 2023.
In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, TMSG explained that latest official figures show that Nigeria has recorded $8.4 billion in Foreign Direct Investment (FDI) inflows and about $10 billion in Final Investment Decisions (FID).
It said: “Until President Bola Tinubu assumed office in 2023, there had been a gradual decline in foreign direct investments (FDIs) and the foreign reserves from 2012 but it reached an alarming level in 2020, understandably as a result of COVID19 before it began to pick up again.
“But generally, currency controls and a global economic shock as well as macroeconomic uncertainty slowed down foreign investments in the years before the President Tinubu era.
“We are aware that data from the United Nations Trade and Development (UNCTAD) show that Nigeria recorded about $8.39 billion in FDI between 2022 and 2025. In specific terms, the country received $895 million in FDI in 2022, $1.873 billion in 2023, about $1.614 billion in 2024 and $4.005 billion in 2025.
“This is strong proof of a sure and steady improvement in capital importation on the watch of President Tinubu and we dare say that the 2025 inflow alone which represents nearly half of the $8.3 billion recorded in four years is a testament to his pro-business approach to governance.
“We invite Nigerians to note that the country has also been the subject of Final Investment Decisions (FIDs) by International Oil Companies (IOCs) which are interested in increasing their investments in the oil and gas sector.
“At the last count, the Tinubu administration has unlocked over $10 billion in (FID) in the sector in the aftermath of its upstream reforms which has also led to the reduction in contracting timelines by over 50 per cent.
“It is also worth noting that since 2023, Nigeria’s gross foreign exchange reserves have risen by about $12.76 billion year-on-year to $54.61 billion as of September 2026. This is the highest level the country’s reserves have been in 17 years and it is not a surprise that major global credit rating agencies have used the external liquidity position as a basis to make good reviews about the country’s economy.
“While we acknowledge that the positive macro economic 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.”
TMSG urged Nigerians to keep faith saying that the economy has turned the corner under the Tinubu administration.
The group contended that any attempt to reverse ongoing economic reforms would reverse current gains and place the country in a difficult position.
