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FOREIGN DIRECT INVESTMENT

Foreign Direct Investment (FDI) into Nigeria declined by 70.06% quarter-on-quarter to $126.29 million in Q1 2025, down from $421.88 million in Q4 2024, according to the latest Capital Importation report released by the National Bureau of Statistics (NBS). 
Foreign direct investment (FDI) and portfolio inflows into the economies of Nigeria and other West African nations may sharply fall as a result of the Israel-Iran conflict. 
The Nigerian Economic Summit Group (NESG) has raised concerns that U.S. President Donald Trump’s tax reforms may lead to a reduction in Foreign Direct Investment (FDI) in Nigeria.  
Nigeria, despite being the largest economy and most populous country in Sub-Saharan Africa (SSA), has not established itself as a significant source of foreign direct investment (FDI) or remittances in the region. 
This opinion article explores the plans of Donald Trump to increase foreign direct investments into the United States and what Nigeria can learn for it in order to improve the economy and create more jobs.
Despite significant economic challenges, Nigeria has managed to attract a total of $55.5 billion in foreign capital between Q1 2019 and Q2 2024.  
Nigeria's Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level recorded based on available data up to 2013. 
Nigeria’s capital importation in the second quarter of 2024 declined by 22.85% from $3.37 billion in the first quarter of the year to $2.60 billion.  
On Friday, August 23rd, the US Federal Reserve Chair, Jay Powell delivered a much awaited speech at the Jackson Hole symposium hinting at a possible interest rate cut in the coming months.  
Fitch Ratings has stated that the ongoing foreign exchange (FX) reforms are necessary to boost foreign direct investment (FDI) and foreign portfolio investment (FPI).
The Federal Government has announced the procurement of Foreign Direct Investment (FDI) amounting to N20 billion.  
Nigeria has called for a coordinated and multilateral approach by the West African region to protect shared telecommunications infrastructure and diversify connectivity to ensure uninterruptible connections.