The National Bureau of Statistics (NBS) has revealed that Nigeria witnessed no foreign capital investment in the first quarter of 2024, a concerning development for the country's economy.
This report highlights that while some states, like Lagos and the Federal Capital Territory, attracted significant investments, a staggering 34 states recorded zero foreign investment during this period. The lack of foreign capital inflow underscores ongoing challenges in Nigeria's investment climate, raising concerns about economic stability and growth prospects.
Citations:
[1] https://www.arise.tv/nigeria-sees-significant-jump-in-foreign-investments-in-q1-2024/
[2] https://www.thecable.ng/lagos-fct-attracted-3bn-foreign-investments-in-q1-2024-34-states-recorded-zero/
[3] https://punchng.com/foreign-capital-inflow-rises-to-n40-71bn-in-two-months-ngx-report/
[4] https://www.macrotrends.net/global-metrics/countries/NGA/nigeria/foreign-direct-investment
[5] https://nairametrics.com/2024/05/22/foreign-portfolio-outflows-surge-by-237-in-q1-2024-amid-cbn-reforms/