Oduwole to Drive $6bn Foreign Investment via Nigerian Exchange

By Adedapo Adesanya

As Nigeria sets its sight on becoming a $1 trillion economy by 2023, the Minister of Industry, Trade and Investment, Mrs Jumoke Oduwole, in the short term, has outlined plans to facilitate $6 billion in foreign investment into Nigeria’s productive economy in 2025 via the Nigerian Exchange (NGX) Group.

This collaboration was highlighted during the Closing Gong Ceremony at the NGX Group, Lagos, where the minister was giving the honour.

From the $6 billion target, $3 billion is projected to come from Foreign Direct Investments (FDIs) into key sectors such as infrastructure, manufacturing, agribusiness, technology, and renewable energy.

According to Mrs Oduwole, these sectors are pivotal to creating jobs, promoting exports, and enhancing Nigeria’s productive capacity.

Another $3 billion will be mobilized through Foreign Portfolio Investments (FPIs)by leveraging innovative financial instruments like green bonds, diaspora-linked securities, and SME-focused platforms.

These efforts aim to deepen market liquidity and align capital flows with national priorities, she added.

Mrs Oduwole emphasized the integral role of capital markets in driving economic resilience and sustainable growth,

“Deepening Nigeria’s capital markets is fundamental to improving investment flows, creating jobs, and sustaining long-term economic resilience,” she said.

On his part, Mr Ahonsi Unuigbe, Chairman of Nigerian Exchange Limited, NGX, reinforced the importance of this collaboration, noting that capital markets are powerful engines of innovation, business expansion, and economic inclusion, all of which are essential to advancing Nigeria’s industrialisation objectives.

Mr Temi Popoola, Group Managing Director/CEO of NGX Group, highlighted the Exchange’s technology-driven vision.

“We are building a next-generation exchange ecosystem designed to democratize investment opportunities, enhance market liquidity, and position Nigeria as a competitive destination for both domestic and international capital.”

Speaking at the ceremony, Mr Umaru Kwairanga, Chairman of NGX Group, commended the Ministry’s leadership and bold reforms, which have set the stage for inclusive growth.

“By fusing policy innovation with market infrastructure, we can catalyze a new era of sustainable growth and national development,” he stated.