Oyo State has emerged one of the the 28 states in Nigeria that has attracted zero foreign investments in the last six-months.
Foreign investors according to report published by The Cable have ignored Oyo state and 27 other states in the country.
The value of capital importation into Nigeria fell by 30 percent to $2.16 billion in the first half of 2023, from $3.11 billion in the same period last year.
The National Bureau of Statistics (NBS) disclosed this in its latest capital importation report for the second quarter (Q2) of 2023.
Nigeria’s capital imports for the first half of 2023 totalled $2.16 billion, with $1.13 billion imported in Q1 and $1.03 billion in Q2.
According to the NBS report, the 28 states that failed to attract foreign investment in H1 2023 include:
1.Abia
2. Bauchi
3. Bayelsa
4. Benue
5. Borno
6. Cross River
7. Delta
8. Ebonyi
9. Edo
10. Enugu
11. Gombe
12. Imo
13. Jigawa
14. Kaduna
15. Kano
16. Katsina
17. Kebbi
18. Kogi
19. Kwara
20. Nasarawa
21. Osun
22. Oyo
23. Plateau
24. Rivers
25. Sokoto
26. Taraba
27. Yobe
28. Zamfara
In the period under review, Lagos took the lead, outshining others — and the federal capital territory (FCT) — to top the list of states that attracted the most investments.
Lagos, the country’s major commercial city attracted $1.48 billion, representing 69 percent of the total capital inflow into Nigeria.
According to the NBS report, the FCT emerged as the second top investment destination with $604.55 million — representing 28 percent of the total capital inflow in the country in the first six months of the year.
Other states that attracted foreign investments in the half-year period are Akwa Ibom ($39.1 million), Adamawa ($4.5 million), Anambra ($4 million), and Ogun ($26.1 million).
Niger made the list with $1.50 million, Ondo had $200,000, and Ekiti secured $25,500.