Only Five Nigerian States Receive Foreign Investments In First Quarter Of 2025

A SaharaReporters' review of the capital importation data has shown that only five Nigerian states received capital importation in the first quarter of 2025. 

This covers the period between January and March.

This means that only five states attracted foreign investments in the first quarter of the year. 

Capital importation consists of Foreign Direct Investment and Portfolio Investment.

The Federal Capital Territory (FCT) led with $3.047 billion, followed by Lagos with $2.564 billion. Ogun State recorded $7.95 million, while Oyo State recorded $7.81 million.

In total, Nigeria's capital importation for the first quarter of 2025 stood at $5.642 billion, according to a SaharaReporters' review of the capital importation data published by the National Bureau of Statistics.

Further review shows that only $126 million was recorded as Foreign Direct Investment in the first quarter. 

Ideally, FDI reflects investors' confidence in the country, given that it's a longer-term commitment.

Portfolio Investment stood at $5.204 billion.

The banking sector received the highest capital importation at $3.127 billion, followed by financing at $2.097 billion. Production followed with $129.9 million.

The agriculture sector also received capital importation worth $24.1 million.

There have been concerns about the economic situation in Nigeria, with issues of insecurity, volatile economic conditions, and an unstable currency among those complained about by investors.