Nigeria’s Foreign Investment Landscape: 26 States Attract Zero Capital in One Year (See List)

Foreign investors have largely overlooked 26 states in Nigeria, as the nation’s capital importation reached $2.6 billion in the second quarter of 2024, reflecting a significant year-on-year increase of 152.81% compared to $1.03 billion in the same period last year.

The National Bureau of Statistics reported that Lagos State emerged as the primary destination for foreign capital, securing $1.37 billion, which constitutes 52.52% of the total inflows.

Abuja followed closely, attracting $1.24 billion, representing 47.48% of the total.

The 26 states that recorded no foreign investments from Q2 2023 to Q2 2024 include Bauchi, Bayelsa, Benue, and others, demonstrating a concerning trend in regional economic engagement.

See List:

The 26 states with no foreign investments from Q2 2023 to Q2 2024 are listed below:

1. Bauchi

2. Bayelsa

3. Benue

4. Borno

5. Cross River

6. Delta

7. Ebonyi

8. Edo

9. Enugu

10. Gombe

11. Imo

12. Jigawa

13. Kaduna

14. Kano

15. Katsina

16. Kebbi

17. Kogi

18. Kwara

19. Nasarawa

20. Osun

21. Oyo

22. Plateau

23. Sokoto

24. Taraba

25. Yobe

26. Zamfara