See the top Nigerian states with most foreign investments in 2024

A new report by the National Bureau of Statistics said that about six Nigerian states and Abuja attracted foreign investments between June 2023 and June 2024.

The NBS report on capital importation for the second quarter of 2024, released by the NBS on Tuesday, October 8, 2024, disclosed that Total Capital Importation for the review period was about $8.75 billion.

The report said that the same period’s foreign direct investment (FDI) amounted to an abysmal $478.78 million.

The NBS report debunks President Bola Tinubu’s October 1, 2024, claim that the country attracted about $30 billion in foreign direct investment in one year.

Tinubu disclosed in his Independence Day broadcast to Nigerians that the country attracted FDI worth over $30 billion in the past year.

According to the NBS report, Lagos led the list of states with the most foreign investments, with $5.95 billion between the second quarter of 2023 and 2024.

TimesNow.com.ng earlier reported that foreign investors shunned 26 Nigerian states as Nigeria’s capital imported hit $2.60 billion in the second quarter of 2024, representing a solid increase of 152.82% yearly relative to the $1.03 billion recorded in the same period in 2023.

The National Bureau of Statistics (NBS) disclosed this in its latest capital importation report for Q2 2024.

The report said that the number of Nigerian states without investments declined from 27 in the second quarter of 2023 to the same period this year.

Proofread by Kola Muhammed, journalist and copyeditor at TimesNow.com.ng

Source: TimesNow.com.ng

Spread this news

Leave a Reply

Your email address will not be published. Required fields are marked *

Prove your humanity: 4   +   9   =