Twenty four states have failed to attract any foreign investment last year.
These states are Adamawa, Bauchi, Bayelsa, Benue, Borno, Cross River, Ebonyi, Edo, Enugu, Gombe, Imo, Jigawa, Kaduna, Katsina, Kebbi, Kogi, Nasarawa, Niger, Ondo, Plateau, Sokoto, Taraba, Yobe and Zamfara.
Of these 24 states, Bayelsa, Ebonyi, Gombe, Jigawa, Kebbi, Kogi, Plateau, Taraba, Yobe and Zamfara failed to attract foreign investments in the last three years.
The National Bureau of Statistics which released this data on Monday, further revealed that Nigeria generated a total of $698.7m from Foreign Direct Investments in 2021, representing the lowest the country recorded in 10 years.
A breakdown of FDI in Nigeria over the last 10 years shows that in 2012, FDI stood at $2.60bn, it declined to $1.27bn in 2013 but rose to $2.27bn in 2014.
FDI fell again in 2015 to $1.41bn; it fell further to $1.04bn in 2016 and to $981.75m in 2017.
Further analysis of data from the NBS revealed that the FDI rose again to $1.19bn in 2018 but dropped by $256m to $934.34m in 2019.
The latest capital importation report from the bureau stated that the FDI fell by $332m to $698.78m in 2021 from $1.028bn in 2020
FDI is one of the three major types of investments and a critical source of capital inflow into the country.
Other sources include foreign portfolio investment, foreign loans, and trade credits, among other investments.
