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Twenty-six Nigerian states record zero foreign investment in 2020

Twenty-six Nigerian states record zero foreign investment in 2020 The year’s foreign investment fell by 59.7 per cent, and only 10 states and Abuja received inflows. ADVERTISEMENT The report on capital importation into the country, compiled by the Central Bank of Nigeria, was released on Friday by the NBS. It captures the total Foreign Direct Investment (FDI), portfolio investment and other types of investments into the country in a year the global economy suffered a terrible battering as a result of the coronavirus pandemic. The total value of capital inflow for the year fell to $9.7 billion, from $24 billion in 2019, representing a decline of 59.7 per cent. It was the lowest in at least four years.

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