Nigeria's FDI hasn't reached $200 million in any quarter Since 2022

Nigeria's FDI has dropped significantly. From an average of $417m per quarter (2013-2015) to less than $100m (Q1 2022 - Q2 2024), it hit its lowest ($29.8m) in Q2 2024.

The trend shows declines since 2013, with key fluctuations and a shift in investment priorities.

  • 2013-2015: FDI was mostly above $200 million per quarter, peaking at $769 million in Q4 2014.
  • 2016-2021: FDI mostly stayed under $400 million, with a $531 million spike in Q3 2018.
  • 2022-2024: FDI hit new lows, bottoming out at $48 million in Q1 2023 and falling even further to $29.8 million in Q2 2024 — the lowest in 46 quarters.

Source:

National Bureau of Statistics

Period:

Q1 2013-Q2 2024
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