Abia, Lagos, others among investors’ favourites in 2020 — NBS report

Abia is among the top five states investors flocked to in the past year, a report released by the National Bureau of Statistics (NBS) shows.

The capital importation report details the value of fresh investments that flowed into the Nigerian economy in 2020.

Lagos remains an investor’s favourite as it outshined nine other states and the federal capital territory (FCT) to top the list of states that attracted the most investments in 2020.

Nigeria’s commercial city attracted $8.31 billion in investments, representing 85.7 percent of the total capital inflow into the country, TheCable reported.

Abuja (FCT) emerged second top investment destination with $1.27 billion, while Abia came in third with $56.07 million.

Many of the states in Nigeria, 26 in number, however, got zero foreign investments in the year in review.

The states are: Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Katsina, Kebbi, Kogi, Kwara, Nasarawa, Ondo, Osun, Oyo, Plateau, Rivers, Taraba, Yobe, and Zamfara.

Eleven of these states also failed to attract foreign investments in 2019.

These states are: Bayelsa, Ebonyi, Ekiti, Gombe, Jigawa, Kebbi, Kogi, Plateau, Taraba, Yobe and Zamfara.