Lagos, the Federal Capital Territory (FCT), and Rivers State have emerged as the top destinations for foreign investments in Nigeria, according to the latest Nigeria Capital Importation report for the fourth quarter of 2023 released by the National Bureau of Statistics (NBS).
The report reveals that total foreign investment surged by 66.77 percent on a month-to-month basis to $1,060.73 million.
Of this amount, Lagos State attracted the highest share of foreign investment, receiving $771.68 million, which accounted for 65.38 percent of the total capital importation.
Following closely behind, Abuja (FCT) recorded $370.80 million in foreign investments, representing 34.07 percent of the total capital importation.
Rivers State also made a significant contribution, attracting $6.00 million, which accounted for 0.55 percent of the total investments.
This pattern reflects a continuation of the trend observed in the third quarter of 2023, where these three states also led in attracting foreign investments.
