Regius Capital Research

Research

Research and analysis on the macroeconomic environment, sector trends, and structural forces shaping capital in Nigeria.

At Regius Capital, we produce research and commentary on the macroeconomic conditions, sector-specific trends, and market activity that shape capital raising and investment in Nigeria. Our work is written for corporates thinking about their next raise, investors watching where capital is flowing, and anyone seeking to understand the country's economic direction more clearly.

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Sector Commentary

Financing Nigeria's Agriculture: Is Nigeria's Agriculture Really Underfunded?

What five years of credit, capital and output data reveal.

August 202612 min readPDF · 32 pages

Bank credit to Nigerian agriculture has more than doubled since 2021. Capital-market issuance has grown into a material funding channel. Public support has expanded. Yet the more useful question is not whether financing increased, but what it financed, where it was deployed, and whether the sector's productive capacity has grown alongside it. This commentary tracks five years of formal agricultural financing and tests it against sector output, food demand and trade. It asks a direct question: is Nigeria's agriculture really underfunded?

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