Nigeria’s capital imports has fallen by 20% from $6.7 billion in 2021 to $5.3 billion in 2022 as 27 states in all received no foreign investment in 2022.
This information was taken from a National Bureau of Statistics study on capital imports into Nigeria.
Net foreign acquisitions of domestic assets are referred to as capital inflows. It displays the total amount of money foreign investors have invested in a country’s economy.
They are broken down into three main kinds of investments: foreign direct investment, portfolio investment, and other investments, each of which includes a number of sub-categories.
The Federal Capital Territory of Abuja ($1.62 billion) and Lagos State ($3.59 billion), per the NBS, were the top investment locations in 2022.
Although insignificant, other states that gained foreign investment in 2022 were Akwa Ibom, Anambra, Ekiti, Enugu, Katsina, Kogi, Oyo, and Plateau state.
Only six states garnered a total of $1.57 billion in capital imports in the first quarter. Abuja, Anambra, Katsina, Lagos, Oyo, and Plateau were among the states mentioned.
The overall amount of capital inflows for the second quarter was $1.54 billion. Throughout the time period under consideration, Lagos ($1.05 billion) drew the most capital, followed by Abuja ($453.95 million), Anambra ($24.71 million), Kogi ($2 million), and Ekiti ($500,000).
In the third quarter of 2022, capital imports into Nigeria totaled $1.1 billion, while in the fourth, nine states, including the FCT, attracted a total of $1.06 billion.
Abia, Adamawa, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Gombe, Imo, Jigawa, Kaduna, and Kebbi were just a few of the states that failed to draw in any foreign investment in 2022.
Nasarawa, Kwara, Kano, Niger, Ogun, Ondo, Osun, Rivers, Sokoto, Taraba, Yobe, and Zamfara states are also included in that group.
The United Kingdom, the United States, and South Africa were the top three countries from which the country received capital inflows in 2022.
