Coverage, charts, video and research on Capital Flows for universal owners.
The shift is real, but it is not one model. Project co-investors, strategic holding companies and proposed savings funds carry different mandates - and different risks for foreign capital sitting beside them.
Nigeria is not yet a conventional infrastructure allocation. It is a sovereignty-premium market: a place where superior returns may accrue to investors able to solve currency mismatch, credit enhancement, regulatory fragmentation and project aggregation before the assets become benchmarkable.
Gulf capital is not buying Latin America as emerging-market beta. It is buying strategic options on the physical economy of the transition: copper, ports, clean fuels, grid capacity and the routes that connect them.
Nigeria has the geology. What it still needs is the capital architecture to turn lithium, alumina, gold, rare earths and enabling infrastructure into durable national wealth.
Reserve diversification, friend-shoring and a more fragmented order. The new map a universal owner has to allocate across.
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