Nigeria is seeking $78.5 billion in private capital to fund 65 projects across key sectors of the economy as the Federal Government moves to attract investors, expand productive capacity and create jobs.
The investment opportunities were presented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Governor of the Central Bank of Nigeria, Olayemi Cardoso, at the ongoing IMF- World Bank Annual Meetings in Bangkok.
The portfolio cuts across oil and gas, electricity, manufacturing, mining, transportation, agriculture, technology, healthcare and urban development. Details published on the Federal Ministry of Finance's Projects Nigeria investment portal show the projects could generate 366,763 jobs.
Oyedele said the government has set up a dedicated Nigeria Deal Room to give prospective investors project information, financing requirements and direct access to relevant government authorities.
The energy sector accounts for the largest share of the pipeline with 25 projects. Industry, manufacturing and mining account for 17 projects.
Transport and maritime infrastructure has eight projects, while agriculture and agro-processing has six. The remaining nine projects are in technology, healthcare and urban services.
Among the projects listed is Project Reliaxx, a crude oil evacuation and midstream infrastructure platform requiring $1.7 billion. The project is expected to address evacuation constraints that affect production and revenue in the oil industry.
The Lagos Greenline Railway requires $1.29 billion, while the Multipurpose Industrial Platforms Limited ammonia and phosphate fertiliser project is estimated at $2.69 billion.
Other projects include the $1.25 billion Premium Steel and Mines integrated steel upgrade, the $355.6 million PELIA Flare-Gas AI Data Centre, a $105 million agro-processing and cold-chain export hub in Giri, Abuja, and the New Port City development with an estimated capital requirement of $1.6 billion.
Oyedele said the government plans further reforms to address barriers to investment, including electricity pricing, transmission constraints, weak agricultural productivity and regulatory inefficiencies.
He said lower inflation, reduced borrowing costs and improved coordination between fiscal and monetary policies are critical for sustained growth.
The minister also cited the Economic Development Incentive, which provides tax credits to eligible businesses under Nigeria's reformed tax framework, as part of measures to encourage investment in productive sectors.
Cardoso said reducing inflation remains essential to protecting household purchasing power, especially among low-income Nigerians.
He pointed to improvements in the capital market and banking system, noting that banks raised about N4.6 trillion during the recapitalisation exercise, with about 72 per cent of the funds coming from the domestic capital market.
The CBN governor said Nigeria is targeting economic growth of 7 per cent by 2027/2028, alongside higher oil production and increased infrastructure investment.
He said the country plans to raise crude oil production to three million barrels per day and increase its infrastructure stock to 75 per cent of gross domestic product.
"The country plans to raise oil production to three million barrels per day and increase its infrastructure stock to 75 per cent of Gross Domestic Product (GDP)," he said.
Cardoso added that stronger external reserves have improved Nigeria's capacity to withstand external shocks.
The World Bank Group had earlier said it is helping to mobilise up to $5.79 billion in private financing for Nigeria in fiscal year 2026, with programmes expected to support about 850,000 direct and indirect jobs.
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