Nigeria’s Foreign Portfolio Investment (FPI) is projected to reach a record $20 billion by the end of 2025, despite President Donald Trump’s declaring Africa’s most populous nation as a ‘Country of Particular Concern,’ according to CFG Advisory.
The Lagos-based consultancy said that while money market instruments and bonds have remained attractive over the last 10 years for FPIs, investment in equities has been on a significant decline.
“Despite the Trump rhetoric, The CFG Advisory can project, based on Q2 and Q3 2025 data, that Nigeria will exceed US$20 billion of FPI in 2025. A record high from the US$16 billion recorded in 2019,” the firm said in a note to BusinessDay.