TMSG: Rising Foreign Investment Reflects Tinubu’s Pro-Business Approach
Oru Leonard
The Tinubu Media Support Group (TMSG) has attributed what it described as growing foreign investor interest in Nigeria to the pro-business approach of President Bola Tinubu’s administration.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group said recent investment figures indicated an improvement in Nigeria’s investment climate since the administration assumed office in 2023.
TMSG claimed that Nigeria had recorded about $8.4 billion in Foreign Direct Investment (FDI) inflows and approximately $10 billion in Final Investment Decisions (FID).
The group said the country had experienced declining foreign investment and foreign reserves in the years preceding the Tinubu administration, with the COVID-19 pandemic, currency controls, global economic shocks and macroeconomic uncertainties contributing to the challenges.
According to TMSG, data attributed to the United Nations Trade and Development (UNCTAD) showed FDI inflows of $895 million in 2022, $1.873 billion in 2023, $1.614 billion in 2024 and $4.005 billion in 2025.
However, UNCTAD’s published country fact sheet for Nigeria currently lists FDI inflows of $895 million for 2022, $1.873 billion for 2023 and $1.080 billion for 2024, indicating that investment figures can vary by dataset and methodology.
TMSG nevertheless argued that the investment figures demonstrated what it described as a steady improvement in capital inflows under President Tinubu.
The group also pointed to investments and Final Investment Decisions in Nigeria’s oil and gas industry, saying reforms in the upstream sector had helped unlock more than $10 billion in FIDs while reducing contracting timelines by more than 50 per cent.
It further cited Nigeria’s foreign exchange reserves as another indicator of improving external liquidity, claiming that reserves had risen to $54.61 billion as of September 2026.
TMSG acknowledged that improvements in macroeconomic indicators had yet to fully translate into microeconomic stability for many Nigerians.
It nevertheless urged Nigerians to remain confident in the ongoing economic reforms, arguing that reversing them could undermine the gains recorded so far.
The group maintained that the Nigerian economy was undergoing a transition and that the Tinubu administration should sustain its reform efforts to consolidate investor confidence and attract additional capital.
