Nigeria’s economic outlook continues to strengthen as foreign investors show growing confidence in the country’s ongoing reforms under President Bola Ahmed Tinubu’s administration. Speaking at the Nigeria Investors Forum held alongside the 2025 IMF–World Bank Annual Meetings in Washington, D.C., Central Bank Governor Olayemi Cardoso assured participants of the government’s unwavering commitment to sustaining reforms and promoting a stable investment climate.
Cardoso highlighted the country’s solid economic fundamentals, noting that Nigeria’s external reserves have risen to $43.4 billion — the highest level in five years. He also revealed that monthly foreign exchange market turnover had increased by 56.4% to $8.6 billion in 2025, reflecting improved investor confidence. The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, and other top officials joined the session, reaffirming the administration’s drive to attract long-term capital and enhance policy transparency.
Special Adviser to the President on Finance and the Economy, Sanyade Okoli, announced that Nigeria is targeting 7% economic growth by 2027–2028, supported by diversification and infrastructure investment. She added that non-oil sectors are expanding rapidly, with oil now contributing just 4% to GDP, down from 8% in 2021. With continued policy alignment between the Central Bank and the Ministry of Finance, Nigeria is positioning itself as one of Africa’s most promising investment destinations.
