Nigeria's Q1 2025 Investment Inflows Surge by 67%: Banking and Telecom Sectors Lead

Investment inflows into Nigeria increased by 67.1 percent year-on-year to $5.642 billion in the first quarter of 2025, according to the National Bureau of Statistics (NBS) report.

The Capital Importation report released on Tuesday shows that investors were mostly attracted to the banking, financing, and production sectors, which accounted for 55.4 percent, 37.1 percent, and 2.3 percent, respectively.

The shares and telecommunications sectors emerged as the fourth and fifth sectors benefiting from investment inflows in Q1.

The sectors attracted $115.3 million and $80.7 million, respectively, which accounted for 2.3 percent and 2.04 percent of total capital importation into Nigeria during the reference period.

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Although these sectors attracted more investments than others in the first quarter, the report shows a significant increase in investment inflows compared to the $3.376 billion recorded in Q1 2024, and 10.86 percent higher than the $5.089 billion recorded in Q4 2024.

The report disclosed that investment inflows into the banking sector increased by 51.4 percent to $3.12 billion in Q1 from $2.06 billion reported in Q1 2024.

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Financing also saw investment inflows increase by 2,686.6 percent to $2.09 billion in Q1 2025 from $75.5 million in Q1 2024 and $879 million in Q4 2024.

Investment inflows into the production sector fell by 32.4 percent to $129 million compared to $191 million in the same period last year and $421 million in the preceding quarter.

Investment inflow into the shares sector rose by 17.3 percent to $115 million in Q1 from $98.7 million in Q1 2024 and $105 million in the preceding quarter, while telecoms inflows also dropped to $80.7 million in Q1 from $119.7 million in the same period last year.

Other sectors, such as trading, declined, while the agricultural sector saw more investments.

The trading sector recorded 0.61 percent growth in inflows as investment hit $34.3 million in Q1.

Agriculture, electrical, and IT services accounted for $24.2 million (0.43 percent), $9.03 million (0.16 percent), and $7.21 million (0.13 percent), respectively, of the total investment during the period.

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