Nigeria has unveiled 65 investment projects valued at $78.5 billion, as the Federal Government steps up efforts to attract investors, create jobs and accelerate economic growth.
The investment portfolio was presented at the ongoing IMF-World Bank Annual Meetings in Bangkok by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso.
According to the Federal Ministry of Finance’s Projects Nigeria investment portal, the projects span oil and gas, power, transport, manufacturing, mining, agriculture, technology, healthcare and urban development. The government estimates that the portfolio could generate 366,763 jobs.
Key projects include Project Reliaxx, a $1.7 billion crude oil evacuation and midstream infrastructure platform; the $1.29 billion Lagos Greenline Railway; and a $2.69 billion ammonia and phosphate fertiliser project.
Other opportunities include a $355.6 million artificial intelligence data centre powered by flare gas, a $1.25 billion integrated steel upgrade and the proposed $1.6 billion New Port City development.
Oil, gas and power account for 25 projects, while industry, manufacturing and mining represent 17. Transport and maritime infrastructure account for eight projects, agriculture and agro-processing six, and technology, healthcare and urban services the remaining nine.
Oyedele said the government had established a dedicated Nigeria Deal Room to provide investors with project details, funding requirements and direct access to relevant authorities.
He added that further reforms would target electricity pricing, transmission constraints, agricultural productivity and regulatory inefficiencies to improve the business environment. He also highlighted tax incentives available to qualifying businesses under Nigeria’s reformed tax framework.
Meanwhile, Cardoso said Nigeria was targeting economic growth of 7 per cent by 2027/2028, alongside increased oil production and infrastructure investment.
He said the country planned to raise crude oil production to three million barrels per day and increase its infrastructure stock to 75 per cent of Gross Domestic Product (GDP).
The CBN governor also disclosed that banks raised approximately ₦4.6 trillion during the banking sector recapitalisation exercise, with about 72 per cent sourced from the domestic capital market.
The latest announcement comes amid broader efforts to mobilise private capital for Nigeria’s development. In October 2026, the World Bank Group was reported to be targeting up to $5.79 billion in private financing for Nigeria during fiscal year 2026, with programmes expected to support about 850,000 direct and indirect jobs.
The government’s immediate challenge will be to convert the newly unveiled investment opportunities into bankable transactions and completed projects capable of delivering jobs, infrastructure and sustainable economic growth.
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