Would you like to receive notifications on latest updates of the following headlines?

26 states attract zero investments in one year – NBS

POSTED ON October 11, 2024 •   BREAKING NEWS      BY Abiodun Saheed Omodara
National Bureau of Statistics

A report by the National Bureau of Statistics (NBS) has revealed that 26 out of the 36 states in the country did not receive any form of foreign investments over a one year period.

The bureau made this known in its latest capital importation report for the second quarter of 2024.

The states are Bauchi; Bayelsa; Benue; Borno; Cross River; Delta; Ebonyi; Edo; Enugu; Gombe; Imo; Jigawa; and Kaduna.

Others are Kano; Katsina; Kebbi; Kogi; Kwara; Nasarawa; Osun; Oyo; Plateau; Sokoto; Taraba; Yobe and; Zamfara.

The report further showed that that was a slight decrease in the number of states with no foreign investment from 27 in Q2 2023 to Q2 2024 to 26.

Nigeria’s capital importation in the second quarter of 2024 was $2.60 billion, representing an increase of 152.81 per cent year-on-year compared to $1.03 billion in Q2 2023.

Meanwhile, Lagos State maintained its position as the leading destination for capital importation, attracting $1.37 billion, or 52.52 per cent of total inflows.

Lagos was closely followed by Abuja, the Federal Capital Territory (FCT) which received $1.24 billion, accounting for 47.48 per cent of the total inflow

0
READ ALSO
Sowore Condemns Tenure Extensions of Senior Security Officials for Violating 35-Year Service Limit
BY Abiodun Saheed Omodara July 6, 2025 0

Human rights advocate and ex-presidential aspirant, Omoyele Sowore, has criticized the ongoing tenur...

READ ALSO
South-West Demands Five New States and Constitutional Recognition for Traditional Rulers in Ongoing Constitutional Review
BY Abiodun Saheed Omodara July 4, 2025 0

The demand for the establishment of five new states, the recognition of traditional rulers in the co...

READ ALSO
Federal High Court Orders Reinstatement of  Natasha Akpoti-Uduaghan, Calls Suspension "Excessive"
BY Abiodun Saheed Omodara July 4, 2025 0

A Federal High Court in Abuja ruled on Friday that the Nigerian Senate exceeded its authority by sus...

READ ALSO
Calls for Autopsy: Ondo Govt. Faces Pressure to Exhume Late Governor Akeredolu's Body
BY Abiodun Saheed Omodara June 30, 2025 0

The Ondo State Government may need to exhume the body of the late governor, Oluwarotimi Akeredolu, f...

READ ALSO
Tinubu to Discuss Sustainable Governance at BRICS Summit in Rio
BY Abiodun Saheed Omodara June 29, 2025 0

President Bola Tinubu arrived in Vieux Fort, Saint Lucia, on Saturday for the first leg of his two-p...

READ ALSO
Reps Launches Committee to Review CNG Policy Implementation
BY Abiodun Saheed Omodara June 27, 2025 0

The House of Representatives has formed an ad-hoc committee tasked with examining the Federal Govern...

READ ALSO
Nigeria Takes Bold Step towards Energy Independence with Naira-Based Crude Sales Initiative
BY Abiodun Saheed Omodara June 25, 2025 0

The Nigeria Export Processing Zones Authority, alongside the Federal Government’s One-Stop-Sho...

READ ALSO
IPMAN Links Rising Petrol Prices to Crude Oil Costs and Market Dynamics
BY Abiodun Saheed Omodara June 24, 2025 0

ABUJA, Nigeria (NAN) - The Public Relations Officer of the Independent Petroleum Marketers Associati...

OUR CHANNELS:

Maduka Okoye Suspended for Two Months Amid Betting Scandal
BY Abiodun Saheed Omodara July 24, 2025 0

Udinese and Nigerian goalkeeper Maduka Okoye has received a two-month suspension from the Italian Fo...


APC's National Assembly Power Grows to 70 with PDP Senator Defections
BY Abiodun Saheed Omodara July 24, 2025 0

The number of All Progressives Congress (APC) senators in the National Assembly increased to 70 on W...


Lagos State Mobile Court Prosecutes Five for Illegal Waste Disposal
BY Abiodun Saheed Omodara July 23, 2025 0

At least five individuals have been brought before a mobile court in the Bolade area of Oshodi, Lago...


Federal High Court Discharges Female Drug Offender on Compassionate Grounds
BY Abiodun Saheed Omodara July 24, 2025 0

Justice Daniel Osiagor of the Federal High Court in Lagos on Tuesday issued a caution and discharged...


APC Set to Appoint New National Chairman at Thursday's NEC Meeting
BY Abiodun Saheed Omodara July 24, 2025 0

A new National Chairman for the ruling All Progressives Congress (APC) may be appointed on Thursday...


Military Jet Crash at Dhaka School Claims 31 Lives, Sparks Nationwide Outrage
BY Abiodun Saheed Omodara July 24, 2025 0

Dhaka, Bangladesh – Grief and anger swept across Bangladesh following the tragic crash of a mi...


UK Sentenced Traffic Robber to 24 Years for Killing Footballer
BY Abiodun Saheed Omodara July 24, 2025 0

A court in the United Kingdom has sentenced 27-year-old Oguzcan Dereli to 24 years in prison for the...


Nigerian Lawmakers Demand Reversal of U.S. Visa Policy Changes Amid Concerns Over Economic Impact
BY Abiodun Saheed Omodara July 24, 2025 0

The House of Representatives on Tuesday urged the U.S. government to reinstate the five-year multipl...


CBN Maintain Interest Rate at 27.5%
BY Abiodun Saheed Omodara July 24, 2025 0

The Central Bank of Nigeria (CBN) has decided to keep the country's Monetary Policy Rate (MPR) at 27...


PSC Seeks NDLEA Support for Drug Integrity Tests in Police Recruitment
BY Abiodun Saheed Omodara July 22, 2025 0

To enhance the integrity of Nigeria’s police recruitment, the Police Service Commission has re...


More Articles

Load more...

Menu