Abuja Dethrones Lagos as Nigeria’s New Foreign Investment Capital
In a historic economic shift, Abuja has overtaken Lagos as Nigeria’s top destination for foreign capital inflows in the first quarter of 2025. According to the latest report from the National Bureau of Statistics (NBS), the Federal Capital Territory (FCT) attracted a staggering 3.04 billion, representing 54.11
Lagos, long regarded as Nigeria’s commercial powerhouse, followed with2.56 billion, accounting for 45.44% of capital inflows. This marks the first time Lagos has been displaced in its decades-long dominance as the nation’s investment magnet.
The report shows that Nigeria’s total capital importation for Q1 2025 rose to 5.64 billion, a 67.123.38 billion recorded in the same period of 2024. Portfolio investments dominated the inflows, contributing 5.2 billion (92.25311.17 million (5.52%) and 126.29 million (2.24
The banking sector attracted the lion’s share of the capital, receiving3.12 billion (55.44%), followed by the financing sector at 2.09 billion (37.18129.92 million (2.30%).
The United Kingdom emerged as the leading source of foreign capital, contributing 3.68 billion (65.26501.29 million) and Mauritius ($394.51 million).