Nigeria is seeking $78.5bn in private investment to finance 65 projects across critical sectors of the economy, as the Federal Government intensifies efforts to attract capital, expand productive capacity and create jobs.
The investment opportunities were presented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, alongside the Governor of the Central Bank of Nigeria, Olayemi Cardoso, at the ongoing IMF-World Bank Annual Meetings in Bangkok.
According to details published on the Federal Ministry of Finance’s Projects Nigeria investment portal, the projects span oil and gas, electricity, manufacturing, mining, transportation, agriculture, technology, healthcare and urban development.
The government estimates that the proposed investments could generate 366,763 jobs, making the initiative a key part of its strategy to stimulate economic growth through private-sector financing.
Oyedele said the government had established a dedicated Nigeria Deal Room to provide prospective investors with project details, financing requirements and direct access to relevant government authorities.
The energy sector accounts for the largest share of the investment pipeline, with 25 projects requiring funding. Industry, manufacturing and mining account for another 17 projects, while transport and maritime infrastructure have eight.
Agriculture and agro-processing account for six projects, while technology, healthcare and urban services make up the remaining nine.
Among the major opportunities is Project Reliaxx, a crude oil evacuation and midstream infrastructure platform requiring $1.7bn. The project is expected to address infrastructure constraints in the oil industry that can affect production and revenue generation.
Other proposed investments include the $1.29bn Lagos Greenline Railway, the $2.69bn Multipurpose Industrial Platforms Limited ammonia and phosphate fertiliser project, and the $1.25bn Premium Steel and Mines integrated steel upgrade.
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The portfolio also features the $355.6m PELIA Flare-Gas AI Data Centre, a $105m agro-processing and cold-chain export hub in Giri, Abuja, and the proposed New Port City development, estimated to require $1.6bn in capital.
Oyedele said the government planned additional reforms to address barriers to investment, including electricity pricing, transmission constraints, weak agricultural productivity and regulatory inefficiencies.
He also identified lower inflation, reduced borrowing costs and improved coordination between fiscal and monetary policies as important conditions for sustaining economic growth.
The minister highlighted the Economic Development Incentive, which provides tax credits to eligible businesses under Nigeria’s reformed tax framework, as part of efforts to encourage investment in productive sectors.
Cardoso said controlling inflation remained essential to protecting household purchasing power, particularly among low-income Nigerians.
He also pointed to developments in the capital market and banking sector, noting that Nigerian banks raised approximately ₦4.6tn during the recapitalisation exercise, with about 72 per cent of the funds sourced from the domestic capital market.
The CBN governor said Nigeria was targeting economic growth of seven per cent by 2027/2028, alongside higher oil production and increased infrastructure investment.
He added that the country planned to raise crude oil production to three million barrels per day and increase its infrastructure stock to 75 per cent of gross domestic product.
Cardoso further said stronger external reserves had improved Nigeria’s ability to withstand external economic shocks.
The investment drive comes as the World Bank Group has said it is helping mobilise up to $5.79bn in private financing for Nigeria in fiscal year 2026, with programmes expected to support about 850,000 direct and indirect jobs.