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<p>In a revealing snapshot of Nigeria’s investment climate, fresh data from TheCable Index shows that only six states and the Federal Capital Territory (FCT) secured foreign investment in the first quarter of 2025, totaling $5.63 billion.</p><div class="uYQdxjc2" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>FCT Tops the Chart</p>
<p>The Federal Capital Territory emerged as the most attractive destination for foreign investors, pulling in a staggering $3.05 billion. This figure not only underscores Abuja’s growing economic relevance but also reflects the strategic push by the FCT Administration to boost infrastructure and investor confidence.</p>
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<p>Lagos State, Nigeria’s commercial nerve center, came in second with $2.56 billion in foreign investment. Despite its reputation as the country’s business hub, Lagos trailed the FCT by nearly half a billion dollars, suggesting a possible shift in investor priorities or confidence.</p>
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<p>Modest Gains for Other States<br />
The remaining states recorded significantly lower figures:<br />
&#8211; Ogun: $7.95 million<br />
&#8211; Oyo: $7.81 million<br />
&#8211; Kaduna: $4.06 million<br />
&#8211; Kano: $117,000<br />
&#8211; Ekiti: $4,250</p>
<p>These numbers highlight the stark disparity in investment distribution across the country, with some states barely registering on the radar.</p>
<p>What This Means</p>
<p>The data paints a concerning picture of Nigeria’s subnational investment landscape. With 30 states recording zero foreign investment, questions arise about regional competitiveness, policy frameworks, and infrastructure readiness.</p>
<p>The dominance of the FCT and Lagos suggests that foreign investors continue to prioritize areas with stronger governance, better infrastructure, and clearer regulatory environments. Meanwhile, the negligible figures from states like Kano and Ekiti may prompt calls for urgent reforms and targeted investment strategies.</p>
<p>As Nigeria grapples with economic diversification and regional development, these Q1 figures serve as a wake-up call for state governments to reassess their investment appeal and actively court foreign capital.</p>
<p>&#8211; Source: #TheCableIndex</p>
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