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# [NIGERIA / AFRICA] FDI Surges 148% to $4 Billion Despite Africa's Investment Slump
- URL: https://businessoi.media/en/nigeria-afrique-les-ide-bondissent-de-148-a-4-milliards-usd-malgre-la-chute-des-investissements-africains-en/
- Published: 2026-08-25T08:47:49.000Z
- Updated: 2026-08-25T08:47:49.000Z
- Description: Nigeria attracted $4bn in FDI in 2025, up 148% year-on-year, per UNCTAD's World Investment Report 2026. Africa's overall FDI fell 26%. Abuja's reforms are working, but concentration in oil raises questions about long-term economic value.
- Author: Emmanuel TAOCHY
- Tags: Afrique, Économie, Investissement, Flash de mi-journée, #en

**Nigeria attracted $4 billion in foreign direct investment (FDI) in 2025, a 148% surge from $1.61 billion in 2024, according to UNCTAD's World Investment Report 2026 published on August 5, 2026\. A spectacular rebound that stands in sharp contrast to Africa's 26% overall FDI decline.**

## Nigeria Rejoins the Top Investment Destinations

With $4 billion, Nigeria rejoins the top 5 most attractive FDI destinations in Africa. The country had suffered a major investor exodus in recent years, penalised by naira instability, foreign exchange controls, and a difficult business environment. Reforms undertaken since 2023 — exchange rate unification, removal of fuel subsidies — appear to be producing their first tangible results on investment flows.

## Oil Still at the Core

Oil, gas, and energy sectors absorb the bulk of these flows. UNCTAD notes that this concentration in extractive industries raises questions about investment quality: are these capital flows generating genuine industrialisation, quality jobs, and lasting export competitiveness? Analysts are calling on Nigeria to «not mistake capital inflows for lasting economic value creation».

## A Difficult African Context

In 2025, FDI into Africa fell 26% to around $70 billion — just 4.3% of global flows, even as global FDI rose 6% to $1.624 trillion. This widening gap reflects persistent structural factors: political instability across several regions, difficult access to financing, and infrastructure deficits.

## A Signal for Regional Investors

Nigeria's rebound demonstrates that resolute economic reform can quickly reverse investor sentiment. For Indian Ocean actors looking towards continental Africa, the signal is clear: Nigeria, with 220 million consumers and Africa's largest economy, remains a critical target market despite its challenges.

## Why It Matters

For Mauritius, Réunion, and Madagascar-based businesses positioning themselves as gateways to the African market, Nigeria's renewed attractiveness confirms the direction to take. Mauritius in particular aspires to be Africa's financial hub — a Nigeria capturing 148% more capital is both a competitor to watch and a potential partner to cultivate.

*Source: UNCTAD, World Investment Report 2026, published August 5, 2026.*