26 States Attract Zero Investments in One Year – NBS
A report by the National Bureau of Statistics (NBS) has revealed that 26 out of the 36 states in the country did not receive any form of foreign investments over a one year period.
The bureau made this known in its latest capital importation report for the second quarter of 2024.
The states are Bauchi; Bayelsa; Benue; Borno; Cross River; Delta; Ebonyi; Edo; Enugu; Gombe; Imo; Jigawa; and Kaduna.
Others are Kano; Katsina; Kebbi; Kogi; Kwara; Nasarawa; Osun; Oyo; Plateau; Sokoto; Taraba; Yobe and; Zamfara
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The report further showed that that was a slight decrease in the number of states with no foreign investment from 27 in Q2 2023 to Q2 2024 to 26.
Nigeria’s capital importation in the second quarter of 2024 was $2.60 billion, representing an increase of 152.81 per cent year-on-year compared to $1.03 billion in Q2 2023.
Meanwhile, Lagos State maintained its position as the leading destination for capital importation, attracting $1.37 billion, or 52.52 per cent of total inflows.
Lagos was closely followed by Abuja, the Federal Capital Territory (FCT) which received $1.24 billion, accounting for 47.48 per cent of the total inflow.
