The Central Bank of Nigeria, CBN, has announced that Nigeria attracted a sum of $698.78 million as foreign direct investments in 2021.
According to CBN, a year-on-year comparison shows that direct investments into Nigeria dipped by 32% in 2021 to $698.8 million compared to the $1.03 billion recorded in the previous year.
This represents the fourth time Nigeria has recorded foreign direct investment below $1 billion in the past 15 years.