Leadership · Reform

Nigeria Rising: Invest in Africa's Largest Opportunity

Explore federal economic initiatives, strategic sectors, and investment opportunities shaping the future of Nigeria.

Opportunities Hub

Live investment opportunities across federal ministries & agencies.

Oil & GasComing Soon

2026 Petroleum Licensing Round

NUPRC / Ministry of Petroleum Resources

Investment Size
$50M – $500M+ (blocks & signature bonuses)
Eligibility
Local & Diaspora
Commences Q3 2026
Niger Delta & Deep Offshore
How to prepare

Presidentially approved and expected to open this quarter. Pre-register on the NUPRC bid portal, assemble a technical and legal consortium with Nigerian content credentials, and arrange signature-bonus financing ahead of the commercial bid conference.

Oil & GasClosing Soon

2025 Licensing Round — Residual Block Close-Out

NUPRC

Investment Size
Varies by block
Eligibility
Local & Diaspora
Awards being finalised
Niger Delta
How to prepare

The commercial bid conference has concluded and awards are being finalised. Monitor the NUPRC portal for blocks that are re-offered where preferred bidders fail to meet conditions precedent.

BondsOpen

FGN Savings Bond — Monthly Offer

Debt Management Office

Investment Size
₦5,000 – ₦50M
Eligibility
Local & Diaspora
Rolling (monthly tranche)
National
How to prepare

The most accessible entry point for investors abroad. Subscribe through any DMO-licensed stockbroker; holdings can be funded and repatriated through a CBN NRNIA account.

BondsOpen

FGN Bond Auctions — Q3 2026 Programme

Debt Management Office

Investment Size
₦50M+ (institutional)
Eligibility
Local & Diaspora
Bi-weekly auction calendar
National
How to prepare

DMO is targeting roughly ₦4 trillion across Q3 2026 auctions. Bid through a primary dealer market maker and track the published auction calendar for stop rates.

BondsComing Soon

Debut US-Dollar Sovereign Sukuk (~$500M)

Debt Management Office / Federal Government

Investment Size
$200K minimum (institutional)
Eligibility
Local & Diaspora
Expected 2026 issuance window
Global
How to prepare

Part of the approved external borrowing programme and Nigeria's first dollar-denominated sukuk. Establish a relationship with an international private bank or broker with Eurobond desk access before the roadshow.

BondsUpcoming

New FGN Eurobond Issuance (2026)

Debt Management Office

Investment Size
$200K+ (institutional)
Eligibility
Local & Diaspora
Pricing expected 2026
Global
How to prepare

DMO has begun appointing transaction advisers for the first Eurobond since November 2025. Complete KYC with a broker that can settle Nigerian sovereign paper via Euroclear.

BondsUpcoming

Domestic Sovereign Sukuk (Naira, Infrastructure-Earmarked)

Debt Management Office

Investment Size
From ₦10,000
Eligibility
Local & Diaspora
Periodic tranches
National
How to prepare

Shariah-compliant and ring-fenced for road projects. Register with a receiving agent now so you can subscribe within the short offer window when the next tranche opens.

IPOsComing Soon

Dangote Petroleum Refinery IPO

SEC Nigeria / NGX

Investment Size
Up to 10% equity (retail & institutional)
Eligibility
Local & Diaspora
Targeted Q4 2026
National / dual listing
How to prepare

SEC has halted promotional activity pending compliance review, so treat all informal pre-IPO solicitations as unsafe. Open a CSCS-linked brokerage account and wait for the SEC-approved prospectus before committing funds.

IPOsOpen

NGX Public Offer Pipeline — Investment & Securities Act 2025 Reforms

SEC Nigeria / NGX

Investment Size
Varies by issuer
Eligibility
Local & Diaspora
Ongoing
National
How to prepare

Several corporates are preparing listings under the new Act. Investors abroad should hold an active CSCS account and a Nigerian brokerage mandate to participate in offers at short notice.

Diaspora FinanceOpen

CBN Non-Resident Nigerian Ordinary & Investment Accounts (NRNOA / NRNIA)

Central Bank of Nigeria

Investment Size
No minimum; unlimited FX inflows
Eligibility
Local & Diaspora
Open
Global (Nigerians abroad)
How to prepare

The primary verified federal access route for investors abroad. Open through any CBN-licensed dealer bank with your passport, proof of non-residency and NIN, then use the NRNIA to buy FGN bonds, treasury bills, equities and real estate.

Diaspora FinanceOpen

AfCFTA Adjustment Fund Credit Facility ($1B)

Afreximbank / Federal Ministry of Industry, Trade & Investment

Investment Size
$250K – $25M
Eligibility
Local & Diaspora
Rolling
Pan-African / Nigeria
How to prepare

Live since mid-2026 for qualifying exporters. Apply through an Afreximbank-accredited Nigerian bank with signed export contracts and AfCFTA certificates of origin.

Diaspora FinanceOpen

BOI iDICE Fund of Funds ($170.6M)

Bank of Industry (manager: Kuramo Capital)

Investment Size
$250K – $5M per underlying deal
Eligibility
Local & Diaspora
Deployment underway
National
How to prepare

The management mandate has been signed and capital is being deployed into digital and creative economy startups. Fund managers can seek co-investment; angel investors abroad should target downstream portfolio rounds.

Diaspora FinanceComing Soon

FGN Diaspora Bond — Next Tranche

Debt Management Office

Investment Size
TBD (2017 precedent: $10,000 minimum)
Eligibility
Local & Diaspora
Not yet scheduled
Global (Nigerians abroad)
How to prepare

No DMO circular has been issued for a new tranche, so treat any offer marketed today as unverified. Watch for announcements labelled specifically as a Diaspora Bond rather than general Eurobond or sukuk news.

Infrastructure PPPOpen

Highway Development & Management Initiative (HDMI) Phase II

Federal Ministry of Works / ICRC

Investment Size
₦50B – ₦500B per concession
Eligibility
Local & Diaspora
Registration portal open
Nationwide corridors
How to prepare

The registration portal is active and FEC has approved a large road PPP pipeline. Register on the HDMI portal, partner with an experienced concessionaire and budget for extended ICRC procurement timelines.

Infrastructure PPPOpen

Lagos–Ibadan Expressway Concession

Federal Ministry of Works

Investment Size
Part of ₦2.78T approved road PPP programme
Eligibility
Local & Diaspora
Procurement in progress
South-West
How to prepare

FEC approval is in place and the concession is moving through procurement. Prepare a tolling revenue model and demonstrate balance-sheet capacity for a long-tenor availability structure.

Infrastructure PPPOpen

NSIA Nigeria Infrastructure Fund — Co-Investment

Nigeria Sovereign Investment Authority

Investment Size
$5M+ (institutional)
Eligibility
Local & Diaspora
Rolling
National
How to prepare

NSIA co-invests across motorways, power, healthcare and agriculture. Approach NSIA directly for a co-investment MOU; note there is no separate diaspora tranche despite third-party marketing that suggests otherwise.

TechnologyUpcoming

NSIA–JICA Impact Innovation Fund ($50M)

NSIA / JICA

Investment Size
$250K – $2M per startup
Eligibility
Local & Diaspora
Fund manager selection underway
National
How to prepare

The expression of interest for a fund manager was issued in July 2026. Fund managers should respond now; founders and angels abroad should wait for the manager appointment before pitching for co-investment.

TechnologyOpen

Nigeria Startup Act — Labelled Startup Registration

NITDA / startup.gov.ng

Investment Size
Tax & regulatory incentives
Eligibility
Local & Diaspora
Open
National
How to prepare

There is no separate diaspora window, so do not wait for one. Incorporate a Nigerian entity and apply for the Startup Label on startup.gov.ng under the existing general provisions.

TechnologyOpen

3MTT Partner Network

Federal Ministry of Communications, Innovation & Digital Economy

Investment Size
Sponsorship & partnership tickets
Eligibility
Local & Diaspora
Rolling
National
How to prepare

Over 160,000 fellows have been trained across three cohorts. Professionals and firms abroad can join as training partners, mentors or employers through the Partner Network portal.

ManufacturingOpen

Economic Development Incentive (EDI) — replaces Pioneer Status

NIPC

Investment Size
Tax credit on qualifying capital expenditure
Eligibility
Local & Diaspora
Open (effective 1 Jan 2026)
Nationwide
How to prepare

Pioneer Status has been repealed under the Nigeria Tax Act 2025 and application guidelines for EDI were issued in July 2026. Apply directly to NIPC for EDI certification rather than the legacy scheme.

TradeOpen

Export Expansion Grant (EEG)

Nigerian Export Promotion Council

Investment Size
Post-shipment rebate, scales with export volume
Eligibility
Local & Diaspora
Rolling
Nationwide
How to prepare

Register with CAC and NEPC and keep complete export documentation. NEPC reports the historic claims backlog is nearing resolution, so expect some disbursement delay on new claims.

AgricultureComing Soon

Livestock Reform Investment Drive (L-PRES)

Federal Ministry of Livestock Development

Investment Size
PPP scale; ~$1.5B dairy import-substitution target
Eligibility
Local & Diaspora
Exploratory — no formal offer yet
North-Central & North-West
How to prepare

The ministry is actively courting investors but no formal offer document or diaspora tranche exists yet. Open MOU discussions with FMLD and secure land through state investment promotion agencies while the framework is finalised.

AgricultureOpen

Anchor Borrowers' Successor Agro-Cluster Financing

CBN / FMAFS

Investment Size
₦5M – ₦2B
Eligibility
Local & Diaspora
Rolling
Nationwide
How to prepare

Structured around registered cooperatives and off-taker agreements. Secure a signed off-take contract and a BVN-linked Nigerian corporate account before applying.

Federal Budget Intelligence

FY 2026 Appropriation — ₦68.3 Trillion

Live operational view of federal allocations, ministry execution, sector distribution, and macro indicators.

Total Budget
₦68.3T
+37.4% YoY
Revenue (H1)
₦18.4T
+28% YoY
Inflation (Jun '26)
15.91%
−7.3pp YoY
FX Reserves
$52.5B
17-year high
Capital Release
76%
FY 2025 cycle
GDP Growth
3.89%
Q1 2026
Revenue Performance

FY 2026 Actual vs Target (₦ Trillion)

Actual Target
Sector Allocation

Distribution of Spend

Debt Service23%·₦15.5T
Infrastructure22%·₦15.0T
Social Services13%·₦8.9T
Economic & Agric10%·₦6.8T
Security8%·₦5.4T
Administration24%·₦16.7T
Top Ministry Allocations

Capital + Recurrent (₦ Billion)

Capital Recurrent
Macro Indicator

Headline Inflation (%)

15.91%
8.6pp since Q1'25
Execution Tracker

Ministry Budget Execution — Q2 2026

Source: Budget Office of the Federation
MinistryAllocated (₦B)ReleasedUtilisedExecution
Works1,9401,7071,436
34%
Defence5,4104,7614,003
95%
Education2,8002,4642,072
49%
Health2,4802,1821,835
44%
Power1,4001,2321,036
25%
Agric1,2401,091918
22%
Digital990871733
17%
Renewed Hope Agenda

Reforms reshaping the Nigerian economy.

A statesmanlike, investor-focused programme of reform — under the administration of President Bola Ahmed Tinubu — is rebuilding the foundations of long-term prosperity for Africa's largest market.

  1. 2023

    Fuel Subsidy Reform

    Eliminated decades-old fuel subsidy, redirecting over ₦4 trillion annually to capital investment and social programs.

  2. 2023

    FX Market Unification

    Unified multiple exchange rate windows, restoring transparency and attracting renewed foreign capital.

  3. 2024

    Power Sector Decentralisation

    Electricity Act 2023 enables sub-national grids; over 1,500 MW added through state and private operators.

  4. 2024

    Lagos–Calabar Coastal Highway

    Flagship 700km coastal corridor under construction, unlocking trade across nine littoral states.

  5. 2025

    Tax Reform Acts Signed

    Four landmark tax laws — including the Nigeria Tax Act 2025 — enacted, consolidating decades of fragmented tax legislation.

  6. 2025

    Digital Economy Acceleration

    3 Million Technical Talent (3MTT) programme, $2B AI & data infrastructure pipeline, expanded broadband to 70%.

  7. 2026

    New Tax Regime Takes Effect

    Nigeria Tax Act and companion laws commenced 1 January 2026, with the Nigeria Revenue Service and Finance Ministry issuing transition guidelines to ease compliance.

  8. 2026

    Dangote Refinery at Full Capacity

    The 650,000 bpd single-train refinery reached full nameplate capacity in February 2026, reshaping Nigeria's fuel trade balance.

  9. 2026

    ₦68.3 Trillion Budget Signed

    The 2026 Appropriation Act — Nigeria's largest ever — was signed in April 2026, with record capital allocations to works, power and security.

  10. 2026

    Reserves at a 17-Year High

    External reserves reached $52.5 billion and the official–parallel naira spread narrowed below 2%, restoring investor confidence in FX liquidity.

Reform Timeline · Scrubber

Explore reforms year by year.

Drag the slider to navigate landmark reforms across the Renewed Hope Agenda.

2026
2023202420252026
2023 · 2 reforms2024 · 2 reforms2025 · 2 reforms2026 · 4 reforms
2026

New Tax Regime Takes Effect

Nigeria Tax Act and companion laws commenced 1 January 2026, with the Nigeria Revenue Service and Finance Ministry issuing transition guidelines to ease compliance.

2026

Dangote Refinery at Full Capacity

The 650,000 bpd single-train refinery reached full nameplate capacity in February 2026, reshaping Nigeria's fuel trade balance.

2026

₦68.3 Trillion Budget Signed

The 2026 Appropriation Act — Nigeria's largest ever — was signed in April 2026, with record capital allocations to works, power and security.

2026

Reserves at a 17-Year High

External reserves reached $52.5 billion and the official–parallel naira spread narrowed below 2%, restoring investor confidence in FX liquidity.

For the Nation

Be part of the next chapter of Africa's largest economy.

From sovereign bonds to flagship infrastructure and high-growth ventures — invest with confidence in a nation built for the long term.