The Federal Capital Territory (FCT) has emerged as the leading destination for foreign capital inflow into Nigeria, surpassing Lagos for the first time, according to a new report by the National Bureau of Statistics (NBS).
The report, titled Nigeria Capital Importation Q1 2025, revealed that the FCT attracted $3.04 billion in foreign investment during the first quarter of 2025. This figure exceeds the $2.54 billion recorded by Lagos, which had previously maintained the top spot for years.
Trailing behind Lagos were Ogun State with $7.95 million, Oyo with $7.81 million, and Kaduna with $4.06 million in capital inflows during the same period.
Overall, Nigeria recorded a total capital importation of $5.64 billion in Q1 2025 — a 67.12 percent increase from the $3.37 billion posted in Q1 2024. When compared to Q4 2024, the report noted a 10.86 percent rise from $5.08 billion.
The breakdown of the investment types showed Portfolio Investment leading with $5.20 billion, representing 92.25 percent of total inflows. Other Investments followed at $311.17 million (5.52 percent), while Foreign Direct Investment (FDI) accounted for the least share at $126.29 million (2.24 percent).
