Foreign investors’ interest shows Tinubu’s pro-business reforms — TMSG
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Foreign investors’ interest shows Tinubu’s pro-business reforms — TMSG
By Alabidun Shuaib AbdulRahman
The Tinubu Media Support Group, TMSG has attributed the rising interest of foreign investors in Nigeria to what it described as the pro-business policies of the President Bola Tinubu administration.
The group said recent official figures showing $8.4bn in Foreign Direct Investment inflows and about $10bn in Final Investment Decisions indicated growing confidence in the Nigerian economy.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, TMSG said the country had witnessed a steady improvement in capital inflows since the beginning of the Tinubu administration in 2023.
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The group cited data from the United Nations Trade and Development, which it said showed that Nigeria attracted about $8.39bn in FDI between 2022 and 2025.
According to the group, Nigeria recorded $895m in FDI in 2022, $1.873bn in 2023, $1.614bn in 2024 and $4.005bn in 2025.
TMSG said the 2025 figure alone accounted for nearly half of the total inflows recorded during the four-year period.
It said, “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.”
The group also pointed to increased investment decisions in the oil and gas sector by international oil companies following reforms introduced by the administration.
It said the Tinubu administration had unlocked more than $10bn in FIDs in the sector, while upstream reforms had reduced contracting timelines by more than 50 per cent.
TMSG further claimed that Nigeria’s gross foreign exchange reserves had risen by about $12.76bn to $54.61bn as of September 2026, describing the figure as the highest level recorded in 17 years.
The group said the improvement in external liquidity had contributed to positive assessments of the Nigerian economy by international credit rating agencies.
However, TMSG acknowledged that the improvement in macroeconomic indicators had not translated fully into microeconomic stability for Nigerians.
It said, “While we acknowledge that the positive macroeconomic 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.”
The group urged Nigerians to maintain confidence in the ongoing economic reforms, warning that reversing them could undermine the gains it said had been recorded under the administration.
