Nigeria is looking to raise $78.5bn from private investors for 65 projects spread across key sectors of its economy, as the Federal Government intensifies its drive to draw investment, build productive capacity and generate employment.
The opportunities were unveiled in Bangkok at the ongoing IMF-World Bank Annual Meetings by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who was joined by the Governor of the Central Bank of Nigeria, Olayemi Cardoso.
According to information on the Federal Ministry of Finance’s Projects Nigeria investment portal, the projects span oil and gas, electricity, manufacturing, mining, transportation, agriculture, technology, healthcare and urban development.
The government estimates that the investments, if realised, could create 366,763 jobs, presenting the programme as part of a wider plan to stimulate economic growth through private-sector funding.
Oyedele disclosed that a dedicated Nigeria Deal Room had been set up to give prospective investors project details, financing requirements and direct access to the relevant government authorities.
The energy sector holds the biggest share of the pipeline, with 25 projects seeking funding, while industry, manufacturing and mining account for 17 more.
Transport and maritime infrastructure make up eight projects, and agriculture and agro-processing account for six.
Technology, healthcare and urban services together make up the remaining nine projects.
One of the proposed investments is Project Reliaxx, a crude oil evacuation and midstream infrastructure platform that requires $1.7bn.
The project is meant to tackle infrastructure gaps in the oil industry, where evacuation constraints can hurt production and revenue.
The proposed Lagos Greenline Railway needs $1.29bn.
The ammonia and phosphate fertiliser project of Multipurpose Industrial Platforms Limited has an estimated funding requirement of $2.69bn.
Other opportunities include the $1.25bn Premium Steel and Mines integrated steel upgrade.
The portfolio also features the $355.6m PELIA Flare-Gas AI Data Centre.
A $105m agro-processing and cold-chain export hub in Giri, Abuja, is also on the list.
The New Port City development is part of the portfolio too, with an estimated capital requirement of $1.6bn.
Oyedele said the government planned more reforms to remove barriers to investment, including electricity pricing, transmission constraints, weak agricultural productivity and regulatory inefficiencies.
He also named lower inflation, reduced borrowing costs and better coordination between fiscal and monetary policies as key conditions for sustained economic growth.
The minister pointed to the Economic Development Incentive, which offers tax credits to eligible businesses under Nigeria’s reformed tax framework, as one of the measures designed to encourage investment in productive sectors.
For his part, Cardoso said bringing down inflation remained essential to protecting household purchasing power, especially for low-income Nigerians.
He also cited improvements in the capital market and banking system, noting that banks raised about ₦4.6tn during the recapitalisation exercise, with roughly 72 per cent of the funds coming from the domestic capital market.
The CBN governor said Nigeria was aiming for economic growth of 7 per cent by 2027/2028, along with higher oil production and increased infrastructure investment.
He said the country intended to lift crude oil production to three million barrels per day and raise its infrastructure stock to 75 per cent of gross domestic product.
Cardoso added that stronger external reserves had improved the country’s ability to withstand external economic shocks.
“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.
Earlier, the World Bank Group said it was helping to mobilise up to $5.79bn in private financing for Nigeria in fiscal year 2026, with programmes expected to support about 850,000 direct and indirect jobs.
