The Federal Government has unveiled 65 investment projects requiring $78.5 billion in funding as it intensifies efforts to attract foreign capital into Nigeria’s economy.
The investment pipeline was presented at the Nigeria Investors Forum held alongside the 2026 International Monetary Fund (IMF) and World Bank Annual Meetings in Bangkok, Thailand.
The presentation was led by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso.
The government said the projects cut across five major sectors and could generate an estimated 366,763 jobs when fully implemented.
The initiative, known as the Nigeria Deal Room, will serve as a central platform where prospective investors can examine projects, assess their funding requirements and connect with project sponsors.
According to the Federal Ministry of Finance, the investment opportunities cover oil, gas and power; transport and maritime; industry, manufacturing and mining; agriculture and agro-processing; and technology, health and urban services.
Energy and transport dominate investment pipeline
Oil, gas and power account for 25 projects requiring $36.4 billion, making the sector the largest investment category.
Transport and maritime infrastructure follow with eight projects valued at $25 billion. Industry, manufacturing and mining account for 17 projects requiring $6.6 billion.
Agriculture and agro-processing have six projects with a combined funding requirement of $9.8 billion, while technology, health and urban services account for nine projects requiring approximately $700 million.
The government is also seeking to attract investors with different financial capacities. Twenty-nine projects require less than $100 million each, while 18 have funding requirements between $100 million and $499 million.
However, 17 projects require at least $1 billion each. These large-scale opportunities account for $72.3 billion of the total investment requirement.
Among the major projects is the proposed Ondo Modular Refinery, which requires $15 billion. The Strategic Deep Sea Ports project also features prominently, with an estimated investment requirement of $11.5 billion.
Other opportunities include the One Million Hectare Tree Crops project, requiring $6.14 billion, and the Ace 3 Million Tonnes Per Annum Floating Liquefied Natural Gas project, estimated at $5.5 billion.
The pipeline also includes Project Reliaxx, a crude oil evacuation and midstream infrastructure project requiring $1.7 billion, and the proposed Lagos Greenline Railway, which requires $1.29 billion.
Government outlines investment incentives
The government is using the Deal Room to address information gaps that often make it difficult for investors to identify and assess viable Nigerian projects.
Idris Bellow Osagie, Special Adviser on Economic Strategy to the Finance Minister, explained that the platform would provide information on project sponsors, capital requirements, minimum investment thresholds and financing structures.
He said the government had consulted federal and state governments, agencies and private sector participants to identify projects requiring funding.
The platform is also expected to facilitate direct engagement between investors, project sponsors and relevant government officials.
To strengthen Nigeria’s investment appeal, the government highlighted existing protections for foreign investors.
These include permission for 100 per cent foreign ownership in most sectors and the repatriation of capital and profits, subject to applicable regulations and foreign exchange requirements.
Nigeria also has 17 double taxation agreements and 13 bilateral investment treaties. Its membership of the International Centre for Settlement of Investment Disputes provides an additional framework for resolving investment disputes.
The government further highlighted the Economic Development Tax Incentive, which offers qualifying businesses a tax credit linked to capital expenditure.
Reforms remain critical to investor confidence
Despite the investment opportunities, the government acknowledged that improvements in the business environment remain necessary to attract long-term capital.
Oyedele identified agriculture, electricity, inflation management, regulatory efficiency and credible economic data as five priority areas for the next phase of economic reforms.
He explained that improving agricultural productivity would help address food inflation, while resolving electricity transmission challenges would support industrial growth and business operations.
The minister also stressed the need to streamline regulations and improve access to reliable economic information.
Cardoso, meanwhile, reaffirmed the CBN’s commitment to reducing inflation to single digits over the medium term.
The central bank governor also highlighted improvements in foreign exchange reserves and the progress made through the banking sector recapitalisation programme.
The investment drive comes as Nigeria seeks to rely more on private capital to finance infrastructure, expand productive activities and reduce pressure on public finances.
President Bola Tinubu has also invited local and international investors to examine the projects through the Projects Nigeria platform.
He assured prospective investors that the government would work with them to resolve obstacles and move viable investments towards implementation.
However, the success of the $78.5 billion investment pipeline will depend on whether the government can convert investor interest into actual financial commitments.
Addressing concerns about infrastructure, policy consistency, foreign exchange stability and regulatory processes will remain important to achieving that objective.
