Invest in Nigeria: LCCI and Partners Call on Global Investors
The Lagos Chamber of Commerce and Industry (LCCI)
The Lagos Chamber of Commerce and Industry (LCCI) has urged global investors to explore Nigeria’s vast opportunities in technology, agribusiness, renewable energy, and infrastructure. Speaking at the Invest Nigeria 2025 International Business Conference and Expo, LCCI President, Gabriel Idahosa, highlighted Nigeria’s youthful population of over 220 million people and its position as Africa’s largest market.
“Nigeria is open for business, Nigeria is ready for investment, and Nigeria is the future of Africa’s prosperity. If you want to be part of Africa’s rise, you cannot afford to overlook Nigeria,” Idahosa said.
Private Sector Driving Change
Dr. Awele Elumelu, Director of Heirs Holdings, noted that while economic instability has been a challenge, it has also opened doors for bold investors. She emphasized that Nigeria’s energetic youth remain the country’s greatest asset.
Through the Tony Elumelu Foundation, $100 million has been committed to empowering over 24,000 entrepreneurs across Africa, generating more than 1.5 million jobs and $4.2 billion in revenue. “This is the power of the private sector — transforming lives, one entrepreneur at a time,” she said.
IFC and IMF Projections
The International Finance Corporation (IFC) revealed that strategic investments in four key sectors could create nearly one million jobs in Nigeria:
ICT – 200,000 jobs through digital infrastructure.
Agro-processing – over 300,000 jobs.
Renewable energy – 250,000 jobs.
Pharmaceutical manufacturing – 30,000 jobs.
Christian Malumalu, IFC’s Country Director, noted that Nigeria’s ongoing reforms — including subsidy removal and exchange rate unification — have boosted investor confidence. The IFC currently has $1.7 billion invested in Nigeria, the largest in Africa.
The IMF also affirmed Nigeria’s improving outlook with easing inflation and a more stable exchange rate, though it urged urgent action in security, power, agriculture, and governance.
“Investing in Nigeria is not just about financial returns. It is about being part of a transformational story of a country determined to be represented by its possibilities.” — Gabriel Idahosa
Nigeria’s story is one of resilience and possibilities. Despite challenges, the country remains a goldmine for investors willing to take bold steps. With reforms, private sector partnerships, and a dynamic population, Nigeria is positioning itself as the future of Africa’s growth.
