Nigeria recorded $19.92 billion worth of investment signals in the second quarter of 2025, according to data tracked by Naijaonpoint in collaboration with the Nigerian Investment Promotion Commission (NIPC).
This indicates a significant jump from $5.27 billion in Q1 2025 and brings the total value of signals for H1 2025 to $25.19 billion.
The investment signal is an early indicator of investor intent or commitment to deploy capital into a project, sector, or economy.
It includes announced, in-progress, pledged, and completed deals, offering insight into future capital flows and investor confidence.
These signals help policymakers, analysts, and businesses gauge economic momentum and plan for upcoming opportunities.
Nigeria recorded over 80 investment signals in Q2 2025, distributed across the months as follows: 29 in April, 33 in May, and 18 in June.
By stage of progress:
These signals spanned sectors such as oil and gas, infrastructure, digital services, manufacturing, education, health, and renewable energy, highlighting broad investor interest in Nigeria’s evolving economy.
Private sector leads with 45 signals, with private capital accounting for the majority of signals. Key examples include:
Public investment activity remained significant, with signals like:
Public-Private Partnerships (4 signals), and they were led by
Development finance institutions (DFIs) had 12 signals providing funding intent for:
Grants (7 signals) – Notable grant signals included:
The majority of investment signals target business expansion. Examples include:
Five signals were classified as greenfield projects, indicating investor interest in building entirely new operations.
Notably, Emzor’s $230 million pharmaceutical plant in Ogun aims to improve local drug manufacturing and reduce imports.
Notably, Emzor’s $230 million pharmaceutical plant in Ogun aims to improve local drug manufacturing and reduce imports.
Infrastructure remained a top focus, with 13 signals, including:
Other areas included working capital funding (1 signal) and R&D (1 signal), both of which were minimal compared to longer-term expansion projects.
Social services received six signals, notably:
In agriculture and manufacturing, there were eight signals. For instance, Lee Group’s $35 million investment in a Nasarawa-based agro-processing facility shows growing interest in food production and value chains.
Three signals related to economic expansion programs, including the $1 billion PPP by the Nigerian Capital Development Fund, which reflects a push for broad-based growth beyond traditional sectors.
The significant rise in Q2 investment signals, nearly four times the Q1 figure, offers insight into investor interest in Nigeria across sectors.
This level of tracking also helps explain a recurring paradox in Nigeria’s capital account: despite substantial investment interest, foreign direct investment (FDI) has remained relatively low compared to foreign portfolio inflows (FPI).
By monitoring announced and intended investments over time, policymakers and analysts can better understand where bottlenecks exist in translating interest into actual commitments.