Nigerian Governors Forum (1).webp
The Digest:

In the first quarter of 2025, thirty Nigerian states spent a combined N11.75 billion on international trips, but failed to secure any foreign direct investment (FDI). Despite significant expenditure, only seven regions saw any capital inflow, leaving many states without results.

Key Points:
  • 30 states expended N11.75bn on international trips in Q1 2025, with no foreign investment return.
  • Osun led spending with N1.88bn, followed by Yobe at N1.53bn and Bauchi at N977m.
  • States like Gombe (N91m) and Imo (N15m) saw no FDI despite spending.
  • Only the FCT, Lagos, Ogun, Oyo, Kaduna, Kano, and Ekiti received any FDI, totaling $3.05 billion.
  • Factors such as insecurity, poor infrastructure, and weak policies continue to hinder investments at the subnational level.
  • Insecurity, with over 2,200 deaths and 900 abductions in H1 2025, remains a major barrier.
Despite spending vast sums on international trips, many states in Nigeria failed to attract foreign investments. Insecurity and weak policies remain key challenges, with only a few states receiving any substantial FDI. The spending raises questions about priorities in governance.


Slogan: FIJ