Nigeria has secured over $5 billion in new investments across manufacturing, fintech, and energy sectors, signaling renewed investor confidence in the country’s economic reforms.
President Bola Tinubu, represented by Minister of State for Industry, Trade, and Investment, Senator John Enoh, made the announcement at the opening of the 39th Lagos International Trade Fair, hosted by the Lagos Chamber of Commerce and Industry (LCCI).
Tinubu attributed the inflows to key policy shifts under the Renewed Hope Agenda, including the removal of fuel subsidies, unification of the foreign exchange system, and regulatory simplification. “These reforms are restoring transparency, rebuilding investor trust, and placing Nigeria on a sustainable fiscal path,” he said.
He emphasized the government’s commitment to translating Nigeria’s potential into productivity by strengthening local industries and improving the ease of doing business. Tinubu also reaffirmed Nigeria’s ambition to lead the African Continental Free Trade Area (AfCFTA), stating, “Nigeria must not only participate in AfCFTA; we must lead it.”
The President praised LCCI for sustaining the trade fair for nearly four decades and commended Lagos State’s infrastructure growth, calling the city the “commercial heartbeat of Africa.”
LCCI President Gabriel Idahosa revealed that the fair had already generated ₦250 million through booth construction and the employment of 280 artisans, describing it as a significant economic stimulus. The 2025 edition, themed “Connecting Businesses, Creating Value,” features over 2,000 exhibitors and is expected to attract 500,000 visitors over 10 days.
Idahosa highlighted new additions to the fair, including a multi-exhibition model and the Africa Hall, supported by Afreximbank, to deepen intra-African trade. He also introduced the Tech Hub, designed to showcase Nigeria’s digital innovators in telecommunications, software, and ICT.
“The tech sector remains one of the fastest-growing segments of our economy,” Idahosa said. “Through this platform, we aim to celebrate and support the pioneers creating technology-driven solutions that will propel Nigeria’s economic future.”
Representing Governor Babajide Sanwo-Olu, Commissioner Folashade Ambrose-Medebem noted that Lagos is driving investment through infrastructure upgrades, industrial clusters, and digital systems. She announced that Lagos will host the 2027 Intra-African Trade Fair, further cementing its role in continental trade expansion.
The fair, which runs until November 16, is expected to foster new partnerships and reinforce Nigeria’s status as a preferred destination for investment and industrial collaboration.
