Top 10 countries that invested the most in Nigeria in 2020
The United Kingdom tops the list of countries that invested in Nigeria in 2020, a report by the National Bureau of Statistics (NBS) has shown.
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The report titled Full Year 2020 Capital Importation Report shows that the UK emerged as the top source of capital investment in 2020 with $4.17 billion.
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In this piece, Legit.ng highlights the list of the top 10 countries that invested the most in Nigeria in 2020 and the top 10 that invested the least.
Top Ten Highest
1. United Kingdom - $4.17 billion
2. United Arab Emirates (UAE) - $899.44 million
3. Netherlands - $890.58 million
4. South Africa with - $875.99 million
5. United States - $741.97 million
6. Singapore - $563.11 million
7. Mauritius - $366.69 million
8. Ireland - $152.30 million
9. British Virgin Island - $125.02 million
10. Congo - $96.00 million
Top Ten Lowest
1. Israel - $0.01 million
2. Oman - $0.01 million
3. Romania - $0.01 million
4. Bermuda - $0.01 million
5. Pakistan - $0.02 million
6. Philippines - $0.04 million
7. Anguilla - $0.10 million
8. Republic of Korea - $0.10 million
9. Malta - $0.12 million
10. Australia - $0.15 million
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Earlier, Legit.ng reported that Lagos remains an investor’s favourite in Nigeria as it topped the list of states that attracted the most investments in 2020, outshining other states and the Federal Capital Territory (FCT).
Lagos, Nigeria's economic nerve centre, attracted $8.31 billion in investments.
This represents 85.7 per cent of the total capital inflow into the country in the year 2020.
On the other hand, for two solid years, 11 out of the 36 states in Nigeria failed to attract foreign investments.
Legit.ng gathers that the 11 affected states were not able to attract any foreign investor in 2019 and 2020, according to the capital importation report published by the NBS.
Some of the states include Bayelsa, Ebonyi, Ekiti, Gombe, Jigawa, and Kebbi.
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Nurudeen Lawal is a Legit.ng journalist passionate about fact-checking/verification journalism. He holds a Bachelor of Arts degree in Literature-in-English from Obafemi Awolowo University, Ile-Ife, Osun State. As Politics Editor, Nurudeen mostly writes on Nigeria’s political and socio-economic developments. He has attended different workshops, conferences and training on fact-checking and digital reporting, among others. Learn more about him on Twitter, @Nurudeen Lawal_
Source: Legit.ng
