Omokri makes a case for Nigeria as a prime investment destination
Nigeria's Ambassador Designate to Mexico, Reno Omokri, has published a detailed case for why investors should channel capital into Nigeria, citing more than a dozen economic milestones recorded under President Bola Tinubu's administration. The post, made on July 10, 2026, on his X account, opens with the observation that Nigeria offers something for everyone, from small-scale entrepreneurs to large institutional investors seeking a stable frontier market.
Key points from Omokri's list
Omokri listed the following key points investors should consider:
- Foreign Direct Investment inflow into Nigeria hit an 11-year high in 2025, according to the World Investment Report 2026 released by UNCTAD. FDI into Nigeria increased by 148.4% to $4 billion in 2025, from $1.61 billion in 2024.
- Nigeria achieved 12 uninterrupted cycles of GDP growth and trade surpluses.
- Foreign reserves hit a 17-year high of $51.04 billion.
- The IMF listed Nigeria as the sixth-largest contributor to global GDP growth in 2025, a fact celebrated by Elon Musk.
- The World Bank and IMF projected an average GDP growth rate of 4% for Nigeria in 2026.
- Nigeria emerged as the nation with the second-largest manufacturing base in Africa, with a capacity of $55.7 billion, behind Egypt's $59.6 billion.
- The Naira became the second-best-performing currency in Africa for the first quarter of 2026, trailing only the Zambian kwacha, according to FXTM.
- Mastercard's Economics Institute listed Nigeria as perhaps the most stable economy in Africa, noting that Tinubu's reforms have boosted consumer demand and are moderating inflation.
- Deutsche Welle reported that no other African nation is expanding infrastructure as fast as Nigeria, citing 11 mega-infrastructure projects including the 750-kilometre Lagos-Calabar Coastal Highway (₦15 trillion), the 1068-kilometre Illela-Sokoto-Badagry Superhighway (₦13 trillion), and the 465-kilometre Trans-Saharan Road ($750 million).
- PricewaterhouseCoopers reported that Nigeria's economy is performing better than the global economy, driven by strong domestic demand, services sectors, and heightened crude oil production.
- The Economist Magazine reported that Nigeria's golden years are likely to return due to Tinubu's reforms.
Additional endorsements and reactions
Omokri added that World Bank Managing Director of Operations, Anna Bjerde, stated that the World Bank now cites Nigeria as a perfect example of reforms that work. Standard and Poor's placed Nigeria on a list of emerging frontier markets for 2027. Omokri said: 'So, what are you waiting for? Nigeria, under the dynamic leadership of His Excellency, Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria, is a prime investment destination, which is why the Nigerian Stock Exchange is the second most successful stock market in Africa and has delivered a 500% ROI since 2022 and a 33% gain year to date. In 2022, the total market capitalisation of our stock market was ₦26 trillion. Today, it is over ₦160 trillion.'
The post drew supportive comments from users. @Nsa20 wrote: 'Our economy is indeed favourable to invest in our dear country Nigeria, because this administration led by President Bola Ahmed Tinubu has laid a solid foundation for our investors.' @Maliya_Ocean08 added: 'The economic reforms and policies of this administration are truly yielding a fruitful T-Gain to both local and foreign investors.' @onuofnetwork1 responded to critics: 'From their comments, you will know them. Most ignorant people don't understand a message and don't think before commenting. Only sentiment there understand.'
Omokri's shift in stance
Legit.ng earlier highlighted Omokri's recent clarification regarding his acceptance of an ambassadorial role in Tinubu's administration. His shift from a vocal critic to a supportive role has sparked significant public interest and debate, especially after fiercely opposing Tinubu during the 2023 election cycle.
