Lagos State has lost its top position as the top investment destination in Nigeria to Abuja, the latest capital importation report from the National Bureau of Statistics (NBS) has shown.
According to the report released on Tuesday, August 5, 2025, Abuja overtook Lagos for the first time since Q1/2018.
Giving state analysis, NBS said out of the five states that recorded capital importation during the quarter, the federal capital territory (FCT) was the top destination with $3.04 billion, accounting for 54.11 percent of the total capital imported.
Lagos followed on the list with $2.56 billion (45.44 percent), and Ogun state with $7.95 million (0.16 percent)
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Other states that made the list are Oyo with $7.81 million, Kaduna with $4.06 million, Kano with $117,000, and Ekiti with $4,250.
By financial institution, NBS said Standard Chartered Bank Nigeria received the highest capital importation with $2.1 billion (37.29 percent).
Stanbic IBTC Bank followed with $1.40 billion (24.78 percent), while Citibank Nigeria received $1.05 billion, accounting for 18.66 percent of total inflows in Q1 2025.
By: Babajide Okeowo
