Nigeria’s Minister of Industry, Trade and Investment,
Mrs. Jumoke Oduwole, has disclosed that the United Kingdom accounted for about
65 per cent of the country’s foreign capital inflows in 2025.
She made the revelation on Wednesday during the
ministry’s budget defence before the House of Representatives Committee on
Commerce.
According to the minister, the ministry carried out
over 100 bilateral investment engagements within Nigeria and abroad,
strengthening economic partnerships with countries such as the United Arab
Emirates, Brazil and Japan, while also consolidating long-standing
relationships with the United States and the United Kingdom.
Highlighting developments in trade and export
performance, Oduwole told lawmakers that Nigeria recorded a trade surplus in
2025, with total trade reaching approximately ?113 trillion within the first
three quarters of the year.
She added that exports rose by about 11 per cent
year-on-year to $6.1 billion — the highest level ever recorded in both value
and volume.
The minister explained that capital importation into
Nigeria comprises foreign direct investment (FDI), portfolio investments and
other categories of inflows, noting that the UK ranked as the leading source of
such investments during the period under review.
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