MARKET NEWS

By Oluwakemi Abimbola

The Presidential Foreign Intervention Promotion Council has said that it has set its sights on bringing in about $5tn in Foreign Direct Investment through Nigeria’s hosting of the World Investment Summit 2026.

In a statement on Thursday, the PFIPC said the summit, which will be hosted under the theme ‘Unlocking Capital, Accelerating Development, Driving Prosperity’, is aimed at positioning the country as a premier destination for international capital and partnerships.

The World Investment Summit is expected to play host to over 80 Heads of State and Government, 96 Ministers, 800 speakers, and 8,000 participants from around the world in April 2026 in Abuja.

At a pre-summit dinner in Abuja, the Director-General of PFIPC, Adeniyi Matthew, reaffirmed Nigeria’s readiness to host the global event, saying, “Nigeria, with its vast potential and global opportunity, is the perfect host for this momentous occasion.

We stand at the threshold of a new era, poised to unlock our vast potential and become a beacon of growth and prosperity in Africa.” He described the summit as “more than a conference, a catalyst for growth, a platform for partnership, and a beacon of hope for a brighter future.”

The Presidential Foreign Intervention Promotion Council is a creation of the Nigerian Presidency to advance the nation’s global economic interests.

 The PFIPC emphasised that while foreign investment is essential, strengthening local enterprises, particularly small and medium-sized businesses, remains equally critical for building a resilient economy.

“Helping local businesses recover and thrive is just as important as attracting foreign investments. Strong local enterprises create a stable environment that benefits both communities and international investors,” said the council.