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🇳🇬 Nigeria /Economy & Trade

LCCI: Nigeria Emerging as Top African Performer in FDI Attraction

From ThisDay · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • The Lagos Chamber of Commerce and Industry (LCCI) reports Nigeria is becoming a top African performer in attracting Foreign Direct Investment (FDI).
  • FDI increased significantly in 2025, driven mainly by oil and gas projects, despite global economic uncertainties.
  • LCCI urges the FCCPC to be more vigilant in price regulation and advises flexible, data-driven policies to maintain macroeconomic stability.

Nigeria is emerging as a leading African nation in attracting Foreign Direct Investment (FDI), despite prevailing global geopolitical uncertainties, according to the Lagos Chamber of Commerce and Industry (LCCI).

Africa recorded a modest improvement in investment inflows, with Nigeria emerging as one of the continent’s top performers after FDI increased by 148.4 per cent to $4.01 billion in 2025, driven largely by oil and gas project finance.

— Mr. Leye KupoluyiHighlighting Nigeria's strong performance in attracting foreign direct investment.

LCCI President Mr. Leye Kupoluyi stated that Africa saw a modest improvement in investment inflows, with Nigeria's FDI jumping 148.4 percent to $4.01 billion in 2025. This growth was largely fueled by investments in oil and gas projects, as noted in the UNCTAD World Investment Report 2026.

Nigeria should maintain a prudent, data-driven monetary policy to anchor inflation expectations while ensuring clear communication of policy to strengthen market confidence.

— Mr. Leye KupoluyiAdvising on monetary policy to ensure stability and confidence.

Despite global FDI remaining below pre-pandemic levels, Kupoluyi highlighted the opportunities and risks Nigeria faces. He stressed the need for agile, forward-looking policies to ensure macroeconomic stability and long-term growth. While higher crude oil prices may offer temporary revenue boosts, prolonged disruptions could sustain inflation.

Fiscal policy should focus on rebuilding buffers through stronger domestic revenue mobilisation, improved public expenditure efficiency, and debt sustainability, while providing only temporary, well-targeted support to vulnerable households and businesses.

— Mr. Leye KupoluyiRecommending fiscal strategies for economic resilience.

Kupoluyi advised a prudent, data-driven monetary policy to manage inflation expectations and clear communication to build market confidence. He also called for fiscal policies focused on revenue mobilization and expenditure efficiency, advocating for targeted support to vulnerable sectors rather than untargeted subsidies or price controls. Additionally, the LCCI urged the Federal Competition and Consumer Protection Commission (FCCPC) to enhance vigilance in price regulation, citing instances where oil marketers maintained high prices despite falling international crude oil costs.

Untargeted subsidies and price controls should be avoided, as they weaken price signals, increase fiscal costs, and discourage energy efficiency.

— Mr. Leye KupoluyiWarning against ineffective economic interventions.
DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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