About 27 Nigerian states failed to attract foreign investment in 2023 as capital imports into Nigeria drops Read more:


Lagos witnessed the highest amount in foreign investment with $1.67 billion in 2023.

Abia state attracted about $150 million in foreign investment in the last three months of 2023

Foreign investors ignored 27 Nigerian states as the value of capital imports into Nigeria dropped by 34% to $2.82 billion in the first nine months of 2023 from $4.27 billion in the same period last year.

Nigeria's statistics agency, the Nigeria Bureau of Statistics (NBS), revealed this in its latest capital import report for Q3 of 2023, released on Friday, December 29, 2023.

https://www.legit.ng/business-economy/economy/1571120-full-list-nigerian-states-foreign-investment-lagos-leads-top-states-fdi/

Out of the whole 36 state in Nigeria only Lagos and Abia state attracted the highest FDI in billions in Nigeria, what are other states Doing? Alex Otti is a genius.
Lagos was able to make it without stress because of its status and where the foreigners fly in first before touring other states. that's how Nigeria system made Lagos to be ahead of others to suffer.

Please Front page Mod let's

Despacito1:
Out of the whole 36 state in Nigeria only Lagos and Abia state attracted the highest FDI in billions in Nigeria, what are other states Doing? Alex Otti is a genius.
Lagos was able to make it wether without stress because of its status and where the foreigner will flyin first, that's how Nigeria system make Lagos to be ahead of others to suffer.

Please Front page Mod let's

You somehow had to downgrade the achievement of Lagos lol.

FCT had 2nd highest. Abia is 3rd (Kudos to the state gov).

With all this Investment, the economy is not growing and employment no dey

tutudesz:
With all this Investment, the economy is not growing and employment no dey

We're seeing it happening in Abia state, go there now.

tutudesz:
With all this Investment, the economy is not growing and employment no dey

Those investments will eventually bring jobs with them. Both short term and long term. It's not going to happen like a light switch.

Slytiger:

You somehow had to downgrade the achievement of Lagos lol.

FCT had 2nd highest. Abia is 3rd (Kudos to the state gov).

How did I downgraded Lagos achievements when everything investors needed to grow and invest are concentrated in Lagos, wasn't it the leverage time was talking about, if not where is Oshogbo, Ekiti, Ilorin etc??

Slytiger:

Those investments will eventually bring jobs with them. Both short term and long term. It's not going to happen like a light switch.

Am very skeptical about Investment database in Nigeria, since we were the number economy in Africa.
With all this foreign investment coming into the country, our economy is going down.

Despacito1:


We're seeing it happening in Abia state, go there now.

Abia? Serious 25% of Abia people reside in Port Harcourt, work in Port Harcourt, etc

Despacito1:


How did I downgraded Lagos achievements when everything investors needed to grow and invest are concentrated in Lagos, wasn't it the leverage time was talking about, if not where is Oshogbo, Ekiti, Ilorin etc??

Without good leadership, Lagos figures would have been mediocre. Tinubu is the undisputed brainbox of the surge in foreign investment in Lagos (and Nigeria at large) via his modern Free Trade Zones initiatives when he was governor.

Tinubu laid the foundation for the establishment of the leading free zones in the country that these has attracted over 20 billion US dollars to the National Economy and generated 170,000 direct and indirect employments. The establishment of the Eko Atlantic and the four quadrants of Lekki Free Zone which harboured Dangote Refinery, Lagos Free Zone, Lagos Free Port, Alaro City Free Zone, Lekki Free Zone and over 100 other enterprises including the just concluded Deep-Sea Port operating in the enclaves as Tinubu’s exclusive initiatives.

Slytiger:

Without good leadership, Lagos figures would have been mediocre. Tinubu is the undisputed brainbox of the surge in foreign investment in Lagos (and Nigeria at large) via his modern Free Trade Zones initiatives when he was governor.

Tinubu laid the foundation for the establishment of the leading free zones in the country that these has attracted over 20 billion US dollars to the National Economy and generated 170,000 direct and indirect employments. The establishment of the Eko Atlantic and the four quadrants of Lekki Free Zone which harboured Dangote Refinery, Lagos Free Zone, Lagos Free Port, Alaro City Free Zone, Lekki Free Zone and over 100 other enterprises including the just concluded Deep-Sea Port operating in the enclaves as Tinubu’s exclusive initiatives.

Without being the formal federal capital Territory, Lagos won't be closer to Ebonyi or Cross-river state to compare what it is today.