Lagos, the Federal Capital Territory, and Rivers have emerged as states with the highest foreign investments in the fourth quarter of 2023.
The National Bureau of Statistics disclosed this in the latest Nigeria Capital Importation Q4 2023 report.
While total foreign investment rose by 66.77 percent on a month-to-month basis to $1,060.73, Lagos State received the highest of $771.68 million, accounting for 65.38 percent of total capital importation.
This is followed by Abuja (FCT) with $370.80 million, representing, 34.07 percent, and Rivers State with US$6.00 million, representing 0.55 percent.
Recall that the three states recorded similar feats in Q3 2023.
The development showed that foreign investors’ confidence was boosted during the review period.
