Discover 65 investment projects across Nigeria’s priority sectors. Explore the opportunities, understand the investment case and connect with project sponsors.
The Honourable Minister of Finance and Coordinating Minister of the Economy presents Nigeria’s investment case, economic reforms and opportunities for private capital.
Macro fundamentals have strengthened relative to a year ago, led by stronger growth, disinflation, reserve accumulation and currency stability.
Q1 2025: US$5.6 billion → Q1 2026: US$10.3 billion.
Africa’s most populous country has been upgraded by all three major rating agencies, returned to the FTSE Russell frontier indices and joined J.P. Morgan’s GBI-EM Edge bond index. A pipeline of 65 projects offers investors opportunities worth US$78.5bn.
242 million people, a median age of 18–19 and a gateway to West Africa and the African Continental Free Trade Area.
GDP grew 4.43% in Q2 2026. Services grew 4.60%, agriculture 4.39% and the non-oil economy 4.31%.
Upgrades from S&P, Fitch and Moody’s, restored FTSE frontier status, and inclusion in a J.P. Morgan bond index.
Full foreign ownership is generally permitted, with capital and profit repatriation. Nigeria has 17 double-taxation treaties, 13 bilateral investment treaties and ICSID membership.
65 projects, from US$1.0m to US$15.0bn, with capital requirements, deal structures and sponsors set out for investors.
Nigeria moved from Unclassified to Frontier Market at the opening of trading on 21 September 2026.
Removed in September 2023 over FX and repatriation problems; watch-listed in October 2025 as liquidity and access improved. The return was confirmed on 27 August 2026 after a review of T+1 settlement found no material funding or settlement problems.
S&P Dow Jones Indices also has Nigeria on its watch list for a possible frontier reclassification in 2027.
Naira government bonds joined GBI-EM Edge in a 14 September 2026 report, with a 7.4% weight, close to the 8% country cap.
Nigeria left GBI-EM Global Diversified in 2015 over FX illiquidity and repatriation difficulties. GBI-EM Edge is a separate benchmark; this is not a return to the flagship index.
Up from 12th among 19 economies in the 2026 Investment Risk-O-Meter—the largest climb in the ranking.
Nigeria improved in economic strength, fiscal strength and external vulnerability, ranking ahead of Rwanda, Tanzania, Kenya and Namibia. Mauritius ranks first.
Bloomberg highlighted petrol subsidy removal, FX liberalisation, electricity tariff changes and stronger growth.
Urbanisation is projected to reach about 80% by 2050, when Nigeria is expected to be the world’s fifth most populous country.
Workforce. A large under-15 population will enter the labour force over the next decade.
Consumers. Young Nigerians drive demand for digital and financial services, education, health care, housing and consumer goods.
Cities. Urban growth creates demand for transport, power, waste services and data infrastructure—all represented in the project pipeline.
Real GDP grew 4.43% year on year, the fastest pace in five years.
Mining and quarrying is about 95% crude petroleum and natural gas. Manufacturing grew 3.24% and trade 2.40%.
Electricity and gas contracted 10.63% in real terms, reinforcing the need for investment in power.
Hover over a sector to explore its investment case. Tap to select on mobile.
Oil and gas grew 7.31% in Q2 2026, with production averaging 1.72 million barrels a day. Oil, gas and power is the largest sector in the project pipeline.
Explore 25 projects ↗Construction grew 6.75%, while transportation and storage grew 5.70% in Q2 2026. The transport and maritime pipeline spans rail, deep-sea ports and inland waterways.
Explore 8 projects ↗The 17-project pipeline spans industrial parks and economic zones, manufacturing and heavy industry, and mining.
Sector growth outpaced the economy’s 3.9% in 2025, according to the Solid Minerals Development Fund. Government revenue rose from about ₦16bn in 2023 to over ₦70bn in 2025; exports reached ₦354bn.
Investment commitments since 2023 total about US$2.6bn, including a US$1.3bn alumina refinery. More than 44 commercially viable minerals include gold, iron ore, lithium, coal, bitumen, barite and gemstones.
Explore 17 projects ↗Agriculture grew 4.39% in Q2 2026, up from 2.82% a year earlier. Tree crops and a seafood export hub lead the agriculture pipeline.
The DEPA Programme is included in Agriculture and Agro-Processing as an agricultural clean-energy programme.
Explore 6 projects ↗Nine projects cover technology and digital services, health information, housing and urban services.
Information and communication was the second-fastest large sector, ahead of finance, oil and construction. The pipeline’s largest technology project is a US$355.6m flare-gas AI data centre in Delta State.
11.2 billion transfers on NIBSS Instant Payments, per data published in early 2026—about 120% above 2022. The platform operates 24/7 and settles most transactions in under a second. More than 66 million Bank Verification Numbers are linked to verified profiles.
Explore 9 projects ↗From setting up your company to sector approvals, explore the steps with NIPC’s One-Stop Investment Centre.
Start with company incorporation through the Corporate Affairs Commission. Companies with foreign investment require minimum share capital of ₦100 million.
Visit the CAC portal ↗The Nigerian Investment Promotion Commission runs the One-Stop Investment Centre. Register your foreign investment and use the centre to coordinate the next stages of entry.
Visit NIPC ↗Obtain the applicable business permit for your company. NIPC’s One-Stop Investment Centre can help coordinate the process and direct you to the relevant authorities.
Explore NIPC support ↗Complete the approvals required for your sector before commencing regulated activities. Requirements and lead times depend on the activity and regulator.
Read the investor FAQs ↗Full foreign ownership is permitted in most sectors. Capital and profits can be repatriated with a valid Certificate of Capital Importation. Minimum share capital for companies with foreign investment is ₦100 million.
Company income tax: 30% for large companies and 0% for small companies (turnover up to ₦100 million and fixed assets below ₦250 million). Large companies also pay a 4% development levy on assessable profits. Dividend withholding tax: 10%, or a lower rate under a double-taxation treaty.
The Economic Development Tax Incentive provides a 5% annual credit for five years on qualifying capital spending. The Nigeria Startup Act offers a Startup Label with tax incentives.
Nationalisation is prohibited except for overriding national interest, with prompt and adequate compensation.
Times are indicative. Confirm current requirements with NIPC or a qualified adviser before investing.
Explore Nigeria’s investment pipeline across five sectors, with project sponsors, capital requirements and bankability scorecards in one place.
Explore selected projects from the 65-project pipeline. Open a project to review its sponsor, capital requirement, transaction structure and bankability scorecards.
Projects Nigeria Special Edition: the investment case, project pipeline and investor summaries for the October 2026 meetings in Bangkok.
OIL AND GAS MIDSTREAM
URBAN RAIL
AGRO-PROCESSING
FERTILISER AND CHEMICALS
GAS AND DIGITAL INFRASTRUCTURE
STEEL MANUFACTURING
What An Investor Should Know
Nigeria's tax reforms simplify the laws, align tax administration, improve transparency and make the environment more predictable for business. Know who taxes what, how to register, which rates apply and which incentives you can claim before you start operating.
Nigeria operates fiscal federalism. Taxing powers are shared between the Federal Government, State Governments and Local Government Councils. Which tax applies depends on the taxpayer, the transaction and the legislation.
Identify the right tax authority for each obligation. The legislation behind each tax decides which authority can assess, collect or administer it.
Get your tax identification number (Tax ID) before or upon starting taxable activities, as applicable.
Rates and how they apply depend on your circumstances, the nature of the income or transaction, and any exemption or concession.
|
Tax |
Rate |
Who and what it covers |
|---|---|---|
|
Company income tax |
30% |
Companies other than small companies. Qualifying small companies, with turnover of 100 million or less, pay 0%. |
|
Levy on assessable profits |
4% |
Companies within the scope of the levy, subject to statutory exclusions. |
|
Minimum effective tax rate |
15% maximum |
Qualifying multinational groups with global annual turnover of 750 million euros, and large companies with 50 billion naira. |
|
Personal income tax |
0% to 25% |
Progressive rates, depending on chargeable income. |
|
Value Added Tax |
7.5% |
Taxable supplies, subject to exemptions and zero-rating. |
|
Withholding tax |
Varies |
Depends on the payment type, the recipient and any treaty relief. Generally not a separate tax and can be offset against the eventual tax. Dividends and some payments to non-residents are charged at 10% as a final tax. |
Nigeria offers tax incentives for investment, employment, exports, innovation and economic development. Incentives carry eligibility criteria, application procedures, approvals and continuing compliance.
Economic Development Tax Incentive (EDTI): under the Nigeria Tax Act 2025, qualifying investments in designated priority sectors can earn a tax credit of 5% of qualifying capital expenditure, subject to the statutory conditions, thresholds and incentive period. The Nigerian Investment Promotion Commission (NIPC) administers applications and approvals.
Nigeria has operational tax agreements with 16 countries to reduce the risk of the same income being taxed twice. Depending on the agreement, benefits can include reduced withholding tax rates, relief from double taxation, a clear split of taxing rights and a way to resolve tax disputes.
Treaty benefits are not automatic. Establish that you are eligible under the relevant agreement, meet its residency and documentation requirements, and confirm how it treats dividends, interest, royalties and business profits. A treaty does not generally remove VAT, customs duties or every other tax obligation.
Nigeria's tax framework supports revenue mobilisation while giving investment a more structured environment. Understanding the applicable rates, registering correctly, meeting filing and payment obligations and identifying incentives and reliefs early gives you tax certainty and protects your returns.
For further guidance, consult the Nigeria Revenue Service, the Nigerian Investment Promotion Commission and the relevant State Internal Revenue Service.
General information for investors. Rates, thresholds and incentives depend on your circumstances and the law in force. Confirm with the NRS, NIPC, your State Internal Revenue Service or a qualified tax adviser before you invest.
Practical answers for investing in Nigeria—from market entry and regulation to incentives, protection and useful contacts.
Who governs Nigeria's investment landscape, and what does each agency do?
Nigeria's investment ecosystem is governed by specialised agencies. Engage the right body from the start.
What investment vehicles are available to me in Nigeria?
Regulated by SEC under the Investments & Securities Act 2025.
ESG and Shariah-compliant options have expanded significantly in Nigeria's 2026 market.
What does a Nigerian citizen or resident need to start investing?
Nigerian citizens and residents investing within Nigeria.
How does a foreign investor legally set up and operate in Nigeria?
Nigeria permits up to 100% foreign ownership in most sectors.
Required documents and your statutory repatriation rights as a foreign investor.
What taxes apply to my investment income, and how do I move funds out?
Nigeria Tax Act 2025 and Finance Act 2024 govern the current tax environment.
What legal safeguards protect my investment in Nigeria?
Multi-layered legal protections under domestic and international law.
Which sectors is the Nigerian government actively prioritising?
What specific incentives has Nigeria put in place to attract foreign investment?
The Economic Development Tax Incentive replaced Pioneer Status Incentive. Performance-based and capex-linked.
Export-oriented investors can access Nigeria's most generous incentive package inside FTZs.
International treaty protections and location-based incentives reduce your tax burden significantly.
Strategic questions every investor should answer before structuring their Nigerian investment.
How does a foreign investor legally set up and operate in Nigeria?
Two mandatory approvals: Expatriate Quota (via NIPC OSIC) + CERPAC (NIS). Fee: USD $2,000/person.
Step-by-step checklists for domestic and foreign investors.
Tick every item before committing capital to avoid delays and compliance issues.
Key agencies and official portals every investor needs.
Always use official government portals. Verify URLs at nipc.gov.ng or sec.gov.ng.
Select one or both events. Access guidance is shown according to the event you choose.
Choose one or both events. The team will use your interests to coordinate relevant project conversations.
Ask about a project, request a data room pack or arrange a meeting. Our teams will be at the Nigeria pavilion for bilateral meetings, 12–18 October 2026.
enquiriessubmission@finance.gov.ng