…Kaduna, Enugu… 24 States Attracted Zero Foreign Investments In 2021
Anambra State is among the 12 states that foreign investments in the country in 2021. It topped all the states in the South-South and South East with a total investment of $4.7 Million in 2021 alone.
Foreign investors ignored 24 states as the value of capital importation into Nigeria fell by 30.78 percent to $6.7 billion in 2021 from $9.68 billion in 2020.
The National Bureau of Statistics (NBS) disclosed this in its latest Nigerian Capital Importation report for the four quarters of 2021.
The report looked into the value of fresh investments that flowed into the Nigerian economy in 2021.
The 24 states which failed to attract foreign investments include Adamawa, Bauchi, Bayelsa, Benue, Borno, Cross River, Ebonyi, Edo, Enugu, Gombe, Imo, Jigawa, Kaduna, Katsina, Kebbi, Kogi, Nasarawa, Niger, Ondo, Plateau, Sokoto, Taraba, Yobe and Zamfara.
Of the 24 states, ten also failed to attract foreign investments in the last three years.
These states are Bayelsa, Ebonyi, Gombe, Jigawa, Kebbi, Kogi, Plateau, Taraba, Yobe and Zamfara.
States that attracted foreign investments in 2021 include Lagos ($5.8 billion), Abuja ($833.4 million) Osun ($29.9 million), Anambra ($4.7 million), Kano ($2.55 million), Oyo ($2.0 million) and Ogun ($1.06 million).
Akwa Ibom follows with $0.74 million, Ekiti ($0.50 million), Kwara ($0.23) million and Abia ($0.01 million), while Rivers and Delta had a $1.0 million investment each in 2021.
Out of 51 countries that invested in Nigeria, the United Kingdom emerged as the top source of capital investment in 2021 with $2.19 billion.
South Africa followed by $1.05 billion in 2021; Mauritius ($690.91 million); and the United States ($677.54 million).