Nigeria’s National Bureau of Statistics (NBS) on Monday said Lagos was the country’s top investment destination for the third quarter of 2019.
“By Destination of Investment, Lagos state emerged as the top destination of capital investment in Nigeria in Q3 2019 with $4,976.40 billion,” NBS said in its Q3 capital importation report.
The $4,976.40 billion, NBS said, accounted for 92.71% of the total capital inflow in Q3 2019.
Asides Lagos, Nigeria’s capital city Abuja, Edo, Kaduna, Kano, Ogun and Oyo state also featured in the report.
According to NBS, Abuja attracted $381.19 million investment for the third quarter. Edo, Kaduna and Kano states each attracted less than a million-dollar investment. $0.83 million was reported for Edo State, Kaduna – $0.25 million and Kano – $0.16 million. Rivers State had $0.03 million investment for the quarter.
Ogun State attracted investment of $7 million, while Oyo State attracted $1.7 million.
