The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, says Nigerias total capital importation rose to approximately 21 billion dollars in the first 10 months of 2025, marking a sharp increase from about 12 billion dollars in 2024 and less than 4 billion dollars in 2023.
Presenting performance highlights during the 2026 budget defence before the Committee on Commerce in Abuja, Oduwole described the growth as evidence of renewed investor confidence and the impact of targeted reforms under President Bola Tinubus Renewed Hope Agenda.
She attributed the recovery to deliberate ministry interventions, including the curation of over 5 billion dollars in bankable projects, the establishment of sector-specific deal rooms, and the hosting of Nigerias inaugural Domestic Investors; Summit.
According to her, these initiatives re-engaged domestic capital, unlocked financing pipelines, and resolved about 50 long-standing investor bottlenecks, thereby accelerating the transition of projects from proposal stage to implementation.
On trade performance, Oduwole said Nigeria recorded a trade surplus in 2025, with total trade valued at about 113 trillion naira in the first three quarters of the year.
Earlier, Chairman of the Committee, Rep. Ahmed Munir assured the ministry of legislative backing,emphasising that the National Assembly would prioritise value-for-money and measurable economic impact over mere budget utilisation.
