Foreign investments drop to $5.3bn, 27 states abandoned

The National Bureau of Statistics (NBS) on Tuesday said foreign investment in Nigeria decreased to $5.3 billion in 2022 compared to the $6.7 billion recorded in the previous year.

NBS disclosed this in its latest capital importation report published on Tuesday.

A breakdown of the report reveals that in the first quarter, Nigeria received N1.57 billion in foreign investment, followed by N1.53 billion in the second quarter and N1.15 billion in the third quarter.