Thirty four per cent (34%) of Nigeria's revenue allocation to states since 2017 have gone to the South South states

Since 2017, 34% (₦5.8 trillion) of Nigeria's revenue allocation to states has gone to the South South states. This chart shows a snapshot of how allocations vary across regions.

Source:

National Bureau of Statistics

Period:

2017-August 2023
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Holding companies accounted for nearly 68% of Nigeria’s US direct investment balance in 2025
  • Nigeria held Africa’s fourth-largest US direct investment balance in 2025, at $4.56 billion.
  • The balance fell by $1.98 billion from $6.54 billion in 2024, a decline of 30.3%.
  • Nonbank holding companies accounted for $3.08 billion, or 67.7% of Nigeria’s total balance.
  • Manufacturing represented $552 million, or 12.1%, while other industries accounted for $921 million.
  • Holding-company assets may ultimately be deployed in other sectors, so the classification does not show their final use.
US direct investment balance in Africa fell to $37.9 billion in 2025, its lowest since 2008
  • US direct investment in Africa peaked at $69 billion in 2014 after expanding rapidly from the mid-2000s.
  • By 2025, the balance had fallen 45.1% from its peak to $37.9 billion, its lowest since 2008.
  • Mining drove the cycle, accounting for 88% of the 2010–2014 increase and 97% of the subsequent decline.
  • Africa’s share of the global US direct investment balance remained below 3% throughout 1985–2025.
  • The post-2014 decline was interrupted by brief recoveries in 2017 and 2021–2022.
The top ten countries held 98% of Africa’s US direct investment balance in 2025
  • Mauritius held Africa’s largest US direct investment balance in 2025, at $8.4 billion.
  • South Africa followed with $7.9 billion, ahead of Egypt’s $6.7 billion and Nigeria’s $4.6 billion.
  • Africa’s total balance fell by 8.4% to $37.91 billion, its third consecutive annual decline.
  • The top ten countries held 98% of Africa’s total, leaving only $0.7 billion across the rest.
  • Manufacturing led South Africa’s balance, mining dominated Egypt’s, and holding companies accounted for most of Nigeria’s.
South Africa and Egypt accounted for a third of Africa’s estimated $1.93tn government debt in 2025
  • Government debt across 51 African countries was estimated at $1.93 trillion in 2025.
  • South Africa and Egypt had the largest estimated stocks and jointly accounted for 33.8% of the total.
  • Sudan had the highest debt-to-GDP ratio at 187.6%, followed by Senegal at 130.2%.
  • The estimates use IMF debt ratios and current-dollar GDP, not national authorities’ reported debt stocks.
  • Differences in government coverage, instruments and valuation mean the figures are comparable estimates, not fully harmonised official data.
Kenya and Nigeria accounted for nearly half ($2.45bn) of Africa’s top 10 outward FDI in 2025
  • Kenya led Africa’s outward FDI in 2025, recording $1.26bn.
  • Nigeria followed closely with $1.19bn, after a 191% increase.
  • Together, Kenya and Nigeria accounted for $2.45bn of the top 10 total.
  • Morocco and Egypt completed the top four, with $812.8m and $695.9m.
  • Angola recorded the fastest growth among the top 10, rising 278%.
  • Africa’s total outflow was lower because negative outflows offset gains elsewhere.
Nigeria’s FDI inflow crossed $4bn for the first time since 2014
  • Nigeria’s FDI inflows rose to $4.01 billion in 2025, the highest level since 2014.
  • The 2025 figure represents a 148% increase from the revised $1.61 billion recorded in 2024.
  • Despite the rebound, Nigeria remains far below its 2011 peak of $8.91 billion.
  • Nigeria’s strongest FDI period was 2005 to 2014, when inflows stayed above $4 billion every year.
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