NBS lists Kano among states with lowest investment inflow in 2020


By Ismail Auwal

The National Bureau of Statistics (NBS) has listed Kano as one of the states with the least inflow of investments in 2020. Accordingly, Kano came second to the last among the 10 states that attracted investments in 2020.

This information was contained in the NBS’s capital importation report released recently, which is focused on the total investments attracted to the Nigerian economy in the year 2020.

Despite being the center of commerce in Nigeria, Kano attracted only $1.08 million out of the $8.61 billions invested in Nigeria within this year 2020. However, Lagos State tops the list with total investment inflow of $7.47 billion during the year. The Lagos’ figure represents 86.8% of the overall investments that flowed to Nigeria in 2020.

The Federal Capital Territory came second on the list, with a total investment inflow of $1.05 billion, while Abia state attracted the sum of $56.07 millions to occupy the third position.

Other states with substantial investments inflow to occupy the top six positions in 2020 include Ogun, Niger, and Sokoto states, with inflow of $12.9 million, $12.33 million, and $2.5 million, respectively. In the same vein, Kaduna attracted an inflow of $2.03 million, and Anambra got an investment of only $1.16 million to occupy the 8th position.

Most of the investments that came to Nigeria in 2020 were in production, banking, shares, trading, telecoms, agriculture, oil and gas, and services.

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