Nigeria sees significant growth in Foreign Investment as Capital Importation hits $5.6 billion in Q1

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Foreign investment in Nigeria has witnessed a significant increase, rising 67.12% year-on-year to $5.642 billion in the first quarter of 2025, according to the National Bureau of Statistics (NBS). This represents a substantial growth from $3.376 billion in the corresponding period in 2024.

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The NBS report also showed a 10.86% quarter-on-quarter increase from $5.0916 billion in the preceding quarter, Q4 2024. Portfolio investment dominated the capital importation landscape, accounting for 92.25% of the total with $5,204.61 million. Other investment followed with $311.17 million (5.52%), while foreign direct investment recorded the least with $126.29 million (2.24%).

As the NBS noted, “In Q1 2025, total capital importation into Nigeria stood at $5,642.07 million, higher than $3,376.01 million recorded in Q1 2024, indicating an increase of 67.12%.”

Sectoral Breakdown

The banking sector emerged as the top recipient of foreign investment, with $3,127.92 million, representing 55.44% of the total capital imported. The financing sector followed with $2,097.48 million (37.18%), and the production/manufacturing sector with $129.92 million (2.30%).

Country of Origin

The United Kingdom was the largest source of foreign investment, accounting for 65.26% of the total capital imported with $3,681.96 million. The Republic of South Africa and Mauritius followed with $501.29 million (8.88%) and $394.51 million (6.99%), respectively.

Regional Distribution

Lagos State

https://solydnigeriafoundation.com/the-role-of-parents-in-promoting-education-in-nigeria/ remained the top destination for foreign investment, with $650.41 million, accounting for 51.92% of the total capital imported. Abuja (FCT) followed with $600.02 million (47.90%), and Kaduna state with $1.95 million (0.16%). Enugu and Ekiti states also recorded significant investments, with $184,229 and $96,600, respectively.

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