Lagos and the FCT attracted 98% of Nigeria’s capital imports in Q1 2023
In Q1 2023, eight Nigerian states and the Federal Capital Territory (FCT) received $1.13 billion in capital imports. Lagos State secured $705 million (62%) and the FCT attracted $410 million (36%), adding up to 98%.
Global forest cover is 4.1 Bha, according to the latest FAO assessment.
At 832.6 Mha, 20.1% of the global total, Russia has the world’s largest forest area.
Brazil (486.1 Mha; 11.7%) and Canada (368.8 Mha; 8.9%) rank second and third, respectively.
The United States (7.5%) and China (5.5%) complete the global top five.
Africa’s top contributor is the Democratic Republic of Congo, with 139.2 Mha, 3.4% of the global total.
Other African countries in the top 20 include Angola, Zambia, Tanzania, and the Central African Republic, each accounting for approximately 1% of the global forest area.
Together, the top ten countries account for over 78% of the world’s total forest area, highlighting the global concentration of forest resources.