Foreign investors have reaffirmed confidence in Nigeria’s reform agenda, following the Federal Government’s renewed commitment to stability and sustained economic growth.
At the Nigeria Investors Forum, held alongside the 2025 World Bank Group and International Monetary Fund Annual Meetings in Washington D.C., the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said the administration remains focused on implementing reforms that attract long-term investment and foster economic resilience.
Cardoso, who led the Nigerian delegation, said Nigeria’s macroeconomic indicators are improving, citing $43.4 billion in external reserves — the highest in five years — as evidence of growing market stability. “The Central Bank and the Ministry of Finance have been working hand in hand to ensure alignment, stability, and clarity for investors,” he said.
He noted that both fiscal and monetary authorities are coordinating to strengthen the economy and sustain investor confidence.
CBN Deputy Governor, Mohammed Abdullahi, highlighted positive trends in the foreign exchange market, disclosing that monthly turnover surged by 56.4 percent to $8.6 billion in 2025. “Average net flows between January 2023 and July have doubled, reflecting improved liquidity and investor trust,” he said.
Special Adviser to the President on Finance and the Economy, Sanyade Okoli, projected that Nigeria could achieve a 7 percent growth rate by 2027–2028, driven by diversification and infrastructure expansion. “Our dependence on oil for exports has dropped to about 57.5% in the first half of this year, and oil now accounts for about 4% of GDP, down from 8% in 2021,” she stated.
Minister of State for Finance, Doris Uzoka-Anite, joined Cardoso and other senior officials at the forum, signaling the administration’s intent to deepen reforms and foster a more competitive, investment-friendly environment.
The Nigeria Investors Forum convened policymakers, investors, and development partners to evaluate Nigeria’s growth outlook and identify investment opportunities across infrastructure, manufacturing, and energy sectors.
