FG expands foreign-currency investment program for citizens

Abdullateef Fowewe

The Federal Government of Nigeria has announced on Tuesday it’s pushing forward with plans to make foreign-currency savings and investments accessible to ordinary Nigerians, including those abroad, in a bid to boost financial inclusion and bolster local capital markets.

The Ministry of Finance statement highlighted a recent meeting between Finance Minister, Wale Edun and representatives from Jishike Holdings Limited and Libeara – Standard Chartered’s digital assets arm.

They reviewed proposals to expand Nigeria’s domestic dollar investment program, following robust interest in last year’s debut offering.

“This initiative is designed to lower barriers to entry, encourage mass savings, and unlock retail participation in formal investment products,” the statement noted, while stressing “a strong focus on investor protection, regulatory alignment, and long-term economic stability.”

Edun reaffirmed the government’s dedication, stating it is committed “to innovative financing approaches that support domestic resource mobilisation and empower Nigerians to participate more directly in the country’s growth story.”