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Nigeria attracts $10.37bn in capital, but why are investors avoiding factories?

A section of a factory or manufacturing entity. Photo by Peter H @ Pixabay
A section of a factory or manufacturing entity. Photo by Peter H @ Pixabay

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • Portfolio investors flood into Nigeria’s high-yield markets
  • Foreign direct investment falls to just 1.3% of inflows

 

ABUJA, NIGERIA — Nigeria attracted more than $10bn in foreign capital in the first quarter of 2026, its strongest quarterly inflow in years, but the figures reveal a troubling reality: investors are returning to trade Nigerian assets, not to build Nigeria’s future.

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