Our reporter/ 28 states in the country attracted zero foreign investments in the first quarter of 2023 as the value of capital importation into Nigeria grew by 6.78 percent according to the National Bureau of Statistics (NBS).
According to the report, total capital imported into the country stood at $1.13 billion, up from the $1.06 billion recorded in Q4 2022.
Lagos state attracted the most investments – $704.87 million, representing 62 percent of the total capital inflow into Nigeria.
They were followed by the federal capital territory (FCT) as a top investment destination with $410.27 million — representing 36 percent of the total capital inflow in the country.
Other states that attracted foreign investments in Q1 2023 are Akwa Ibom ($5.21 million), Adamawa ($4.50 million), Anambra ($4 million), and Ogun ($2.09 million).
Niger made the list with $1.50 million, Ondo had $0.20 million, and Ekiti secured $0.01 million.
The 28 states that failed to attract foreign investment in Q1 2023 include:
-Abia
-Bauchi
-Bayelsa
-Benue
-Borno
-Cross River
-Delta
-Ebonyi
-Edo
-Enugu
-Gombe
-Imo
-Jigawa
-Kaduna
-Kano
-Katsina
-Kebbi
-Kogi
-Kwara
-Nasarawa
-Osun
-Oyo
-Plateau
-Rivers
-Sokoto
Taraba
Yobe
Zamfara
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