Full list of Nigerian states without foreign investment in 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.

Abia is the only state to witness a turnaround in foreign direct investment in three months.

During the period under review, Lagos led other states, including the Federal Capital Territory (FCT), with the highest amount of foreign investments.

The state attracted about $1.79 billion in FDI, representing 64% of the total capital imports into Nigeria.

TheCable reported that the state governor, Babajide Sanwo-Olu told investors that the state is the right place to invest.

The governor said the state was ready for foreign investment in fintech, Edutech, heath-tech, business processing outsourcing (BPO), and physical infrastructure.

Top states without foreign investments in 2023

Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Enugu, Gombe, Imo, Jigawa, Kaduna, Kano Katsina, Kebbi, Kogi, Kwara, Nasarawa, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe and Zamfara.