Top 10 states with highest capital investments in Nigeria in 2020 (Full List)

...Nigeria is one of the best places to do business in Africa.

A report by The Cable has indicated that Lagos remains an investor’s favourite Nigeria as it tops the list of states that attracted the most investments in 2020, outshining other states and the Federal Capital Territory (FCT).

VAM News notes that the report which cited the Nationa Bureau of Statistics (NBS) as its source, shows that Lagos, Nigeria's economic nerve centre, attracted $8.31 billion in investments.

This represents 85.7 percent of the total capital inflow into the country in the year 2020.

See the list below:

1. Lagos - $8.31 billion

2. Abuja (FCT) - $1.27 billion

3. Abia - $56.07 million

4. Niger - $16.36 million

5. Ogun - $13.39 million)

6. Anambra - $10.02 million

7. Kaduna - $4.03 million

8. Sokoto - $2.50 million

9. Kano - $2.38 million

10. Akwa Ibom - $1.05 million.

Meanwhile, with a population of about N200 million people, the Gross Domestic Product (GDP) of over $400 billion, and the improved World Bank's Doing Business ranking, Nigeria is one of the best places to do business in Africa.

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