The Federal Government says Nigeria has attracted over $5 billion in new investments across manufacturing, fintech, and energy, describing it as proof of growing investor confidence in its reforms.
President Bola Tinubu, represented by Minister of State for Industry Senator John Enoh, announced this at the opening of the 39th Lagos International Trade Fair on Friday. He said the inflows were driven by key policies under the Renewed Hope Agenda, including fuel subsidy removal, forex unification, and business regulation reforms.
“These reforms are restoring transparency, rebuilding investor trust, and placing Nigeria on a sustainable fiscal path,” Tinubu said, adding that the government was committed to strengthening local industries and leading the African Continental Free Trade Area (AfCFTA).
LCCI President Gabriel Idahosa said the fair had already generated ₦250 million and employed 280 artisans during setup. This year’s event, themed “Connecting Businesses, Creating Value,” features over 2,000 exhibitors and 500,000 visitors, with a new Tech Hub highlighting Nigeria’s digital innovators.
Representing Governor Babajide Sanwo-Olu, Commissioner Folashade Ambrose-Medebem said Lagos’ infrastructure and industrial policies continue to attract investments, noting that the state will co-host the 2027 Intra-African Trade Fair.
The fair runs until November 16 at Tafawa Balewa Square, Lagos.
