The National Bureau of Statistics (NBS) disclosed this in its latest capital importation report for the third quarter (Q3) of 2023 released on Friday.

Capital importation can be explained as bringing in capital from abroad to fuel investment, trade, and manufacturing within a country.

Nigeria’s capital imports for the first nine months of 2023, comprising Q1 – Q3 totalled $2.82 billion, with $1.13 billion imported in Q1, $1.03 billion in Q2 and $654.65m in Q3 2023.

The number of states that did not record investments dropped from 28 states in the first half of 2023 to 27 in the first nine months after Abia attracted a remarkable $150.09 million in Q3 – the only state to witness such a dramatic turnaround within three months.

According to the NBS report, the 27 states that failed to attract foreign investment in the first nine months of 2023 include:

..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

LAGOS CONTINUES TO DRAW CAPITAL EVEN AS OTHERS FALTER

In the review period, Lagos took the lead, outshining others — including the federal capital territory (FCT) — to top the list of states that attracted the most investments.

Analysis by TheCable Index shows that the country’s major commercial city attracted $1.79 billion, representing 64 percent of the total capital inflow into Nigeria.

In April, Babajide Sanwo-Olu, governor of Lagos, assured investors that the state is the right place for investments and “the crown subnational jewel of the African economy”.

He said Lagos was ripe for investments in financial technology, education technology, health technology, business process outsourcing (BPO), talent training and placement, or physical infrastructure like data centres, among others

According to the NBS report, FCT emerged as the second top investment destination with $799.21 million — representing 28 percent of the total capital inflow in the country in the first nine months of the year.

Other states that attracted foreign investments in the nine months are Abia ($150.09 million), Akwa Ibom ($39.13 million), Ogun (27.09), and Adamawa ($4.5 million).

Anambra attracted $4 million, Niger $1.50 million, $200,000 and Ekiti $38,250.

Racoon:
Congratulations to Lagos. Nice one too for Abia and Anambra states.

Bulldozer90:
Assuming the info is correct, Abia the hotbed of Biafra agitation still have more foreign investment than all other states put together excluding Lagos. This also includes all southwest West states with their landmass excluding Lagos.

Not to talk of local investment which is often highest in the East.

kettykin:


By the time Alex otiti rolls out his visionary plan , Abia will be having foreign investment of more than $2b or more . This is the reason why biggest igbo businesses need to secure their business space in Aba before the Aba bull run.

naturalman:
Labour party to the world

Labour party to the rescue
When Alex otti finishes with Abia state, the agbados will know what it means to have Peter Obinna as a mentor

Jobman222:
de

Faiththatworks:
I don't think anyone should be suprised at this news,Lagos leads,while other states struggle to attract any foreign investment.
I'm sure it will only get better for Lagos and Ogun state.
I have repeating all year,the investment that will be unleashed In the Ibeju-lekki and Ogun waterside Axis from next year as we countdown to the roll out of refined products from the Dangote Refinery will be massive.
With 3 million barrels of Crude-Oil pumped into the tanks,the next few months will signal the import of massive capital into the Ibeju-lekki axis.
I'm sure wise Investors have already used this period to invest in assets waiting for the commencement of Business.
Even the Us ambassador talked about importing Capita from the Us and investing in the free-trade zone along that axis.
If you are interested in investing in landed properties around that axis,you can check my signature for more details.
God bless Nigeria....

Bulldozer90:
Assuming the info is correct, Abia the hotbed of Biafra agitation still have more foreign investment than all other states put together excluding Lagos. This also includes all southwest West states with their landmass excluding Lagos.

Not to talk of local investment which is often highest in the East.

Bulldozer90:
Assuming the info is correct, Abia the hotbed of Biafra agitation still have more foreign investment than all other states put together excluding Lagos. This also includes all southwest West states with their landmass excluding Lagos.

Not to talk of local investment which is often highest in the East.