Nigeria Records 67% Surge in Foreign Investment

Shiktra Shalangwa 

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Nigeria has recorded a total capital importation of $5.642 billion in the first quarter of 2025, which is 67.12 per cent higher than the $3.376 billion recorded in Q1 2024 and 10.86 per cent higher than the $5.089 billion recorded in Q4 2024.

The National Bureau of Statistics (NBS), in its Q1, 2025 Capital Importation Report released on Tuesday, revealed that of the total investments, portfolio investment ranked top with $5.204 billion, followed by other investment at $311.17 million, and foreign direct investment stood at $126.29 million.

The report showed that capital importation during the reference period originated largely from the United Kingdom, with $3.681 billion, which is 65.26 per cent of the total capital imported. This was followed by the Republic of South Africa with $501.29 million (8.88 per cent) and Mauritius with US$394.51 million (6.99 per cent).

Out of the five states that recorded capital importation during the quarter, Abuja (FCT) remained the top destination with $3.047 billion, accounting for 54.11 per cent of the total capital imported. Lagos State followed with $2.564 billion (45.44 per cent), and Ogun State with $7.95 million (0.14 per cent). Others were Oyo and Kaduna States, with $7.81 million and $4.06 million, respectively.

Standard Chartered Bank Nigeria Ltd. received the highest capital importation into Nigeria in Q1 2025 with $2.103 billion, followed by Stanbic IBTC Bank PLC with $1.398 billion and Citibank Nigeria Limited with $1.052 billion.

 

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