The National Bureau of Statistics (NBS) has unveiled the comprehensive breakdown of foreign direct investments (FDI) in Nigeria for the third quarter of 2023. The data presents a detailed overview of FDI inflows across various states:
- Lagos: $1.79 billion (64%)
- Abuja: $799.21 million (28%)
- Abia: $150.09 million
- Akwa Ibom: $39.13 million
- Ogun: $27.09 million
- Adamawa: $4.5 million
- Anambra: $4 million
- Niger: $1.50 million
- Ekiti: $38,250
These figures spotlight the dominance of Lagos and Abuja in attracting substantial foreign direct investments, accounting for 92% of the total inflows in Q3 2023.
Amidst this economic landscape, Abia State has taken a proactive step by establishing the Abia Global Economic Advisory Board. This board, comprised of globally accomplished experts, aims to propel the state towards becoming a favored investment destination. The formation of this advisory board signals Abia’s commitment to fostering economic growth through global collaboration and expertise.
Dr. Ndubuisi Ekekwe, a renowned Professor, Entrepreneur, and a distinguished member of the Tekedia Institute Faculty with affiliations to Harvard Business and other prestigious institutions, highlighted the significance of this initiative. “The formation of the Abia Global Economic Advisory Board, comprising internationally recognized experts, marks a pivotal step in steering the state toward global prominence as an investment hotspot.”
The Abia Global Economic Advisory Board is strategically positioned to leverage the wealth of knowledge and experience of these experts to attract more foreign direct investments. Abia anticipates harnessing these collaborations to bolster its economic portfolio and elevate its standing as an inviting investment destination on the global stage.