Nigeria’s investment outlook surged in the second quarter of 2025, with signals reaching $19.92 billion, up from $5.27 billion in Q1, according to data tracked by Nairametrics in collaboration with the Nigerian Investment Promotion Commission (NIPC). Total signals for the first half of 2025 now stand at $25.19 billion.

Investment signals, which capture early indications of investor intent across announced, ongoing, pledged, and completed projects, offer insight into potential capital flows and economic sentiment. While not guaranteed inflows, they indicate sectors and initiatives attracting interest.

Over Q2, Nigeria recorded more than 80 signals, with nearly half completed and the rest in various stages of progress. The signals spanned energy, infrastructure, digital services, renewable energy, health, education, and manufacturing, reflecting a diversified investor focus.

Private investors drove most of the activity, including ExxonMobil’s $1.5 billion deepwater oil project, Equinix’s $140 million digital infrastructure expansion in southern Nigeria, and Bankly’s undisclosed fintech investment. Public sector projects included SINOMACH’s $1 billion southern infrastructure plan, the World Bank’s $552 million education grant, and Ogun State’s $400 million Stellar Steel Plant. Public-private partnerships and development finance institutions further expanded commitments in energy, transport, and economic growth initiatives.

Fund deployment priorities focused on business expansion and infrastructure. OmniRetail and Arnergy plan $20 million and $15 million investments respectively to grow operations, while Emzor’s $230 million pharmaceutical plant aims to boost local manufacturing. Infrastructure projects, such as federal road upgrades and oil and gas logistics, drew significant capital.