{
  "id": 6315987,
  "title": "N266bn net outflow exposes confidence crisis as Nigeria’s economy bleeds under Tinubu – Atiku",
  "url": "https://urgent.news/2026/09/08/n266bn-net-outflow-exposes-confidence-crisis-as-nigerias-economy",
  "topic": "world",
  "section": "World",
  "published": "2026-09-08T19:31:44.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/09/08/n266bn-net-outflow-exposes-confidence-crisis-as-nigerias-economy-bleeds-under-tinubu-atiku/"
  },
  "original_language": "en",
  "account": "Former Vice President Atiku Abubakar has labeled the significant withdrawal of foreign portfolio investments from Nigeria as a clear sign of lack of confidence in President Bola Tinubu's economic administration. In a recent statement, Atiku highlighted that the N266 billion net outflow demonstrates a crisis of confidence within Nigeria's economy under Tinubu's leadership.\n\nAccording to Atiku, the recent data from the Nigerian Exchange indicates that despite foreign investors injecting N13.36 billion into the Nigerian equities market in July 2026, they simultaneously withdrew N779.43 billion, resulting in a substantial net outflow of N266.07 billion. He emphasized that foreign outflows exceeded inflows in every month of the period, marking a net outflow amounting to 11.7 times the N22.68 billion recorded during the same period in 2023.\n\nAtiku pointed out that this issue transcends being merely an investment statistic; it is a verdict of confidence on Tinubu's economic management. He painted a vivid picture of the economic landscape, likening it to a market with shop owners who are broke, customers without money, and landlords constantly borrowing from one another, while a few outsiders quietly withdraw their capital. Atiku remarked that for a landlord to claim prosperity in such circumstances would be foolish.\n\nFurthermore, Atiku highlighted that just recently, the Nigerian government increased its domestic borrowing by 90.5 percent, reaching N24.7 trillion within only eight months. Additionally, credit to the government grew more than four times faster than credit to the private sector. Atiku concluded by stating that the N266 billion net outflow vividly illustrates the crisis of confidence plaguing Nigeria's economy under Tinubu's governance.",
  "summary": "Former Vice President, Atiku Abubakar, has described the massive flight of foreign portfolio investment from Nigeria as yet another damning vote of no confidence in the economic management of President Bola Tinubu. In a statement by his media team on Tuesday, Atiku said the N266 billion net outflow exposed a confidence crisis in Nigeria’s economy under […] N266bn net outflow exposes confidence…",
  "key_points": [
    "Atiku labels N266bn net outflow as confidence crisis in Nigeria's economy under Tinubu.",
    "Foreign portfolio investments withdrew N779.43bn while inflows were N13.36bn in July 2026.",
    "Atiku compares Nigeria's economy to a market with broke shop owners, customers without money."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Daily Trust",
        "title": "Atiku: Tinubu’s policies forcing exit of foreign investors",
        "url": "https://urgent.news/2026/09/08/atiku-tinubus-policies-forcing-exit-of-foreign-investors",
        "published": "2026-09-08T18:33:19.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}