26 Nigerian states record zero foreign investment in 2020

Bayelsa, Osun, Ekiti, Plateau lead fiscally unsustainable states listBayelsa, Osun, Ekiti, Plateau lead fiscally unsustainable states list

Twenty six states in Nigeria including Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Katsina, Kebbi, Kogi, and 10 other states governments failed to attract investments in 2020, a report by the National Bureau of Statistics (NBS) has revealed.

Others listed in the report are Kwara, Nasarawa, Ondo, Osun, Oyo, Plateau, Rivers, Taraba, Yobe, Zamfara

The NBS’s capital importation report for 2020 released on Friday contains the total amount of fresh investments attracted to the Nigerian economy.

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This is the second year that Ebonyi, Ekiti Gombe, Kebbi, Kogi Taraba, Yobe, Zamfara have failed to lure foreign investors in the states or the environments were simply not conducive for investment.

As expected, Lagos topped the list of states that attracted investments in 2020.

Lagos State emerged as the top destination of capital investment in Nigeria in 2020 with $830m. This accounted for 85.7 percent of the total capital inflow into the country.

Lagos is followed by the Federal Capital Territory which attracted a total investment inflow of $1.27 million while Abia came in third attracting the sum of $56.07 million

Niger attracted $16.36 million. Ogun State also attracted a total investment inflow of $13.39 million.

Anambra got $10.02 million, Kaduna attracted $4.03 million, Taraba pulled $ 2.50 million, and Kano received $2.38 dollars.

Akwa Ibom, Adamawa both welcomed $1.05 million and $0.02 million respectively in 2020.

.26 Nigerian states record zero foreign investment in 2020. . | ..

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