The Presidency has declared that Nigeria remains among the select destinations globally where investors can realise returns on investment of up to 600 per cent in properly structured and scalable enterprises.
The Special Adviser to the President on Media and Public Communications, Sunday Dare, disclosed this in a statement issued to journalists on Tuesday as President Bola Tinubu departed for Kigali, Rwanda, to participate in the African CEO Forum.
According to Dare, “Nigeria remains one of the few economies worldwide where returns on investment in well-positioned businesses can climb to as high as 600 per cent after the start-up phase.”
“In several sectors, investors have recorded growth trajectories far beyond what conventional business planning models projected at the entry point.”
Dare noted that, “Most global feasibility and business planning tools project returns in the region of 20–25 per cent over time. Nigeria, however, has repeatedly defied those assumptions because of one defining factor: scale.”
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He explained that this scale includes population, unmet demand, consumption, expansion, and ongoing reforms.
According to him, “Nothing prepared MTN Group for the scale of market dominance and profitability it would eventually achieve after entering Nigeria in 2001.”
He further stated, “Business projections may have anticipated bold performance, but the Nigerian market delivered returns and growth levels far beyond initial expectations.”
“In only a few years, the margins, subscriber growth, and revenue explosion fundamentally altered MTN’s continental growth trajectory.”
“Today, MTN Nigeria generates trillions of naira in annual revenue and remains one of the most valuable companies on the Nigerian Exchange, underscoring the sheer commercial depth of the Nigerian market.”
He also referenced MultiChoice, saying Nigeria had become one of its strongest markets due to population scale and consumer demand.
Dare described this as “the paradox called Nigeria.”
He said, “Acknowledging visible challenges, the country remains one of the deepest consumer markets in the world, with a fiercely entrepreneurial population, expanding infrastructure opportunities, vast mineral deposits, a growing technology ecosystem, and unmatched demographic energy on the African continent.
3This is the story President Tinubu now takes to the Africa CEO Forum 2026. And this is why Kigali matters.”
He further stated, “The Africa CEO Forum is not merely another conference. It is a marketplace of capital, influence, partnerships, and continental strategy. Over 2,000 chief executives, investors, financiers, policymakers, sovereign wealth managers, industrialists, and multinational decision-makers will gather under one roof to discuss where Africa’s future growth will emerge from.”
Dare said Nigeria intends to position itself at the centre of these discussions.
“The administration understands that reforms are not enough if they are not properly communicated to capital. Investors do not merely invest in policies; they invest in confidence, clarity, direction, predictability, and leadership resolve.”
He said Nigeria’s continental engagement strategy is deliberate, adding that ongoing reforms including fuel subsidy removal, exchange rate liberalisation, tax modernisation, infrastructure concessions, power sector restructuring, gas commercialisation, digital economy expansion, and macroeconomic stabilisation efforts are being positioned as part of a broader narrative of investment readiness.
And despite the turbulence associated with reform transitions, global investors are watching carefully.
