Nigeria’s foreign inflows are rising, but most of the money is chasing yields, not building factories or infrastructure. Without patient capital, growth risks becoming fragile.
Nigeria’s economy grew 4.23 percent year-on-year in Q2 2025, its fastest pace in four years. Foreign investors are back. The naira has stabilised. Policymakers are claiming victory.
But here’s what those headlines don’t say: most of the money flowing in isn’t the kind that builds economies. It’s the kind that van
Nigeria’s foreign inflows are rising, but most of the money is chasing yields, not building factories or infrastructure. Without patient capital, growth risks becoming fragile.
Nigeria’s economy grew 4.23 percent year-on-year in Q2 2025, its fastest pace in four years. Foreign investors are back. The naira has stabilised. Policymakers are claiming victory.
But here’s what those headlines don’t say: most of the money flowing in isn’t the kind that builds economies. It’s the kind that van
