National Bureau of Statistics data show that portfolio investment accounted for $9.86 billion, or 95.09 per cent, of the total inflow, while foreign direct investment stood at just $135.08 million. Oye argued that the dominance of portfolio funds leaves Nigeria more exposed to changes in global interest rates, exchange rates and investor sentiment.
He urged policymakers to prioritise stronger non-oil exports, stable economic policies and greater investment in manufacturing, agriculture, technology and infrastructure, saying sustainable growth depends more on productive investment and job creation than on volatile short-term capital flows.
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Economic analyst Dele Oye says Nigeria’s $10.37 billion capital inflow masks continued vulnerability because most of the funds came through short-term portfolio investment rather than foreign direct investment. Chairman of the Alliance for Economic Research and Ethics, Dele Oye, has warned that Nigeria’s economy remains under significant pressure despite attracting $10.37 billion in capital inflows in the first...
Key takeaways
- Economic analyst Dele Oye says Nigeria’s $10.37 billion capital inflow masks continued vulnerability because most of the funds came through short-term portfolio investment rather than foreign direct investment.
- Chairman of the Alliance for Economic Research and Ethics, Dele Oye, has warned that Nigeria’s economy remains under significant pressure despite attracting $10.37 billion in capital inflows in the first quarter of 2026.
- He said the headline figure should not be mistaken for evidence of strong long-term investment.National Bureau of Statistics data show that portfolio investment accounted for $9.86 billion, or 95.09 per cent, of the total inflow, while foreign direct investment stood at just $135.08 million.
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What is this story about?
Economic analyst Dele Oye says Nigeria’s $10.37 billion capital inflow masks continued vulnerability because most of the funds came through short-term portfolio investment rather than foreign direct investment. Chairman of the Alliance for Economic Research and Ethics, Dele Oye, has warned that Nigeria’s economy remains under significant pressure despite attracting $10.37 billion in capital inflows in the first...
Who published this story?
Glow 99.1 FM published this story with Babatunde Ademola Fadewo listed as author.
When was it published?
September 18, 2026
