Foreign investors bypassed 26 states as Nigeria’s capital importation reached $2.60bn in the second quarter of 2024, representing a robust increase of 152.81 per cent year-on-year compared to $1.03bn in Q2 2023.
This was revealed in the latest capital importation report for the second quarter of 2024, released by the National Bureau of Statistics on Tuesday.
The number of states without recorded investments decreased from 27 in Q2 2023 to Q2 2024 to 26 as Lagos State maintained its position as the leading destination for capital importation, attracting $1.37bn, or 52.52 per cent of total inflows.
Lagos was closely followed by Abuja receiving $1.24bn, which accounted for 47.48 per cent of the total.
The 26 states with no foreign investments from Q2 2023 to Q2 2024 are listed below:
- Bauchi
- Bayelsa
- Benue
- Borno
- Cross River
- Delta
- Ebonyi
- Edo
- Enugu
- Gombe
- Imo
- Jigawa
- Kaduna
- Kano
- Katsina
- Kebbi
- Kogi
- Kwara
- Nasarawa
- Osun
- Oyo
- Plateau
- Sokoto
- Taraba
- Yobe
- Zamfara
