Nigeria open for more investment opportunities, Bagudu tells German firms
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has called on German investors to increase their investments in Nigeria, saying the economic reforms introduced by President Bola Tinubu have expanded business opportunities in the country.
Bagudu made the appeal on Monday night at the Nigeria–Germany Business Day held in Lagos, with the theme, “Germany and Nigeria: Cooperating for Development and Business Promotion.”
Speaking at the forum hosted by the German Embassy, he said the administration’s reforms had improved macroeconomic stability, strengthened investor confidence and repositioned the economy for long-term growth.
“Under President Bola Tinubu’s leadership, decisive measures have been implemented to restore macroeconomic stability, improve fiscal sustainability, strengthen investor confidence, and reposition the economy for long-term growth,” he said.
Bagudu explained that reforms such as fuel subsidy removal, foreign exchange liberalisation, improved revenue mobilisation and other structural adjustments were necessary steps to restore investor confidence and ensure sustainable growth.
According to him, Nigeria’s revenue rose from about ₦19.9 trillion in 2023 to over ₦28 trillion in 2025, while foreign reserves increased to more than $46 billion in early 2026, the highest level in nearly eight years.
He added that inflation had begun to moderate, while credit rating agencies such as Fitch and S&P Global revised Nigeria’s outlook to Stable, reflecting growing confidence in the economy. He also noted that Nigeria’s capital market performed strongly in early 2026, with the country remaining off the FATF grey list.
Bagudu urged German businesses to take advantage of Nigeria’s growing opportunities, noting that bilateral trade rose by nearly 30 per cent to about €3 billion in 2025, with over 90 German companies already operating in key sectors across the country.
