The Federal Government has hailed the significant increase in foreign capital inflows into Nigeria, which rose by 84 per cent to $10.37 billion in the first quarter of 2026, describing the development as evidence of growing investor confidence in the country’s economy.
Reacting to the latest figures, Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the report was encouraging despite what he described as coordinated negative narratives about Nigeria.
According to Onanuga, the sharp increase in foreign capital inflows demonstrates that the economic reforms of the administration of President Bola Tinubu are yielding positive results and strengthening Nigeria’s attractiveness as an investment destination.
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“Amid all these orchestrated negative reports about our country, Nigeria, the report of 84 per cent growth in foreign capital inflow is very heartwarming indeed,” he said.
The presidential spokesman added that the Tinubu administration is positioning Nigeria as a leading investment destination, noting that the country is increasingly being viewed by international investors as bankable and creditworthy.
The latest capital importation figures are expected to boost confidence in Nigeria’s economic outlook and support ongoing efforts to attract more foreign direct investment into key sectors of the economy.
