In a recent report by the National Bureau of Statistics (NBS), it has been revealed that 34 out of 36 states in Nigeria failed to attract foreign investment in the first quarter of 2024.
The report highlights the worsening economic conditions under the administration of Chief Bola Ahmed Tinubu, with increased insecurity and rising inflation rates contributing to the challenging investment climate.
However, Lagos and Ekiti were the only states that succeeded in drawing foreign investment during this period.
The list of states that did not attract any foreign investment includes Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Enugu, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe, and Zamfara.
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