Foreign Direct Investment in Nigeria increased by 307.82 USD Million in the fourth quarter of 2024. This dataset provides - Nigeria Foreign Direct Investment - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria foreign direct investment for 2023 was 1.87 billion US dollars, a 1102.46% decline from 2022.

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<li>Nigeria foreign direct investment for 2022 was <strong>-186.79 million US dollars</strong>, a <strong>105.64% decline</strong> from 2021.</li>
<li>Nigeria foreign direct investment for 2021 was <strong>3.31 billion US dollars</strong>, a <strong>38.9% increase</strong> from 2020.</li>
<li>Nigeria foreign direct investment for 2020 was <strong>2.39 billion US dollars</strong>, a <strong>3.48% increase</strong> from 2019.</li>
</ul>Foreign direct investment refers to direct investment equity flows in the reporting economy. It is the sum of equity capital, reinvestment of earnings, and other capital. Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy. Ownership of 10 percent or more of the ordinary shares of voting stock is the criterion for determining the existence of a direct investment relationship. Data are in current U.S. dollars.

Key information about Nigeria Foreign Direct Investment

• Nigeria Foreign Direct Investment (FDI) increased by 1.2 USD bn in Mar 2023, compared with an increase of 752.7 USD mn in the previous quarter.
• Nigeria Foreign Direct Investment: USD mn net flows data is updated quarterly, available from Mar 2014 to Mar 2023.
• The data reached an all-time high of 1.6 USD bn in Jun 2021 and a record low of -1.5 USD bn in Jun 2022.

Related information about Nigeria Foreign Direct Investment

• In the latest reports of Nigeria, Current Account recorded a surplus of 2.3 USD bn in Dec 2022.
• Nigeria Direct Investment Abroad expanded by 274.7 USD mn in Dec 2022.
• Its Foreign Portfolio Investment increased by 337.4 USD mn in Dec 2022.
• The country's Nominal GDP was reported at 111.3 USD bn in Mar 2023.

Foreign Direct Investment (FDI) inflows in Nigeria registered a decrease of around 190 million U.S. dollars in 2022, compared to a surplus of 3.31 billion U.S. dollars in the preceding year. In 2011, a peak of 8.84 billion U.S. dollars was achieved. Moreover, in 2018, a considerable drop was registered, as FDI in the country amounted to 780 million U.S. dollars.

Key information about Nigeria Foreign Direct Investment: % of GDP

• Nigeria Foreign Direct Investment (FDI) registered a growth equal to 1.3 % of the country's Nominal GDP in Sep 2024, compared with a growth equal to 1.2 % in the previous quarter.
• Nigeria Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 2010 to Sep 2024.
• The data reached an all-time high of 2.5 % in Dec 2012 and a record low -0.7 % in Mar 2024.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from quarterly Foreign Direct Investment and quarterly Nominal GDP. The Central Bank of Nigeria provides Foreign Direct Investment in USD. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices. The Central Bank of Nigeria average market exchange rate is used for currency conversions. Foreign Direct Investment prior to Q1 2014 is based on BPM5.


Related information about Nigeria Foreign Direct Investment: % of GDP

• In the latest reports of Nigeria, Current Account recorded a surplus of 5.1 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 1.2 USD bn in Mar 2023.
• Nigeria Direct Investment Abroad fell by 831.3 USD mn in Jun 2024.
• Its Foreign Portfolio Investment increased by 4.4 USD bn in Jun 2024.
• The country's Nominal GDP was reported at 111.3 USD bn in Mar 2023.

Between April and June 2023, the flow of foreign direct investment (FDI) into Nigeria amounted to some 86.03 million U.S. dollars. Compared to the previous quarter, this value experienced a increase. For instance, as of Q1 2023, FDI in the country stood at around 47.6 million U.S. dollars.

Foreign direct investment, net inflows (BoP, current US$) in Nigeria was reported at 1080310701 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Foreign direct investment, net inflows (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

China (FDI) Foreign Direct Investment: Utilized: Africa: Nigeria data was reported at 6.250 USD mn in 2017. This records an increase from the previous number of 0.870 USD mn for 2016. China (FDI) Foreign Direct Investment: Utilized: Africa: Nigeria data is updated yearly, averaging 5.625 USD mn from Dec 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 55.040 USD mn in 2008 and a record low of 0.020 USD mn in 1997. China (FDI) Foreign Direct Investment: Utilized: Africa: Nigeria data remains active status in CEIC and is reported by Ministry of Commerce. The data is categorized under China Premium Database’s Investment – Table CN.OA: Foreign Direct Investment: Capital Utilized: by Country.

Foreign direct investment, net inflows (% of GDP) in Nigeria was reported at 0.51465 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Foreign direct investment, net inflows (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

United Kingdom (FDI) Foreign Direct Investment: Outward: Africa: Nigeria data was reported at 553.000 GBP mn in 2016. This records a decrease from the previous number of 3,182.000 GBP mn for 2015. United Kingdom (FDI) Foreign Direct Investment: Outward: Africa: Nigeria data is updated yearly, averaging 397.500 GBP mn from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 3,182.000 GBP mn in 2015 and a record low of -940.000 GBP mn in 2013. United Kingdom (FDI) Foreign Direct Investment: Outward: Africa: Nigeria data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.O008: BPM6: Foreign Direct Investment: Outward: By Region.

As of 2020, foreign direct investment (FDI) outflows from Nigeria achieved a negative value of nearly 338 million U.S. dollars. The value considerably decreased compared to the previous years under study. In 2014, over 1.6 billion U.S. dollars in direct investment equity from the country were registered, the highest value since 2010.

Foreign direct investment, net outflows (BoP, current US$) in Nigeria was reported at 407953708 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Foreign direct investment, net outflows (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

India Foreign Direct Investment: Inflow: Nigeria data was reported at 55.980 INR mn in 2018. This records an increase from the previous number of 9.900 INR mn for 2017. India Foreign Direct Investment: Inflow: Nigeria data is updated yearly, averaging 16.680 INR mn from Dec 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 150.670 INR mn in 2011 and a record low of 0.000 INR mn in 2000. India Foreign Direct Investment: Inflow: Nigeria data remains active status in CEIC and is reported by Department of Industrial Policy and Promotion. The data is categorized under Global Database’s India – Table IN.OA022: Foreign Direct Investment: Inflow: Annual: by Country.

Zambia Foreign Direct Investment: Stock: Nigeria data was reported at 216.800 USD mn in Jun 2016. This records an increase from the previous number of 189.800 USD mn for Mar 2016. Zambia Foreign Direct Investment: Stock: Nigeria data is updated quarterly, averaging 216.800 USD mn from Dec 2013 (Median) to Jun 2016, with 7 observations. The data reached an all-time high of 343.700 USD mn in Dec 2014 and a record low of 129.100 USD mn in Dec 2013. Zambia Foreign Direct Investment: Stock: Nigeria data remains active status in CEIC and is reported by Bank of Zambia. The data is categorized under Global Database’s Zambia – Table ZM.O001: Foreign Direct Investment: by Country.

This statistic depicts the volume of foreign direct investments (FDI) from China to Nigeria between 2013 and 2023. In 2023, about ****** million U.S. dollars worth of direct investments from China had been made in Nigeria.

Foreign direct investment, net (BoP, current US$) in Nigeria was reported at --672356993 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Foreign direct investment, net (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Description of variables lnRGDP = Log of Real Gross Domestic Product INR = interest rate lnFDI = Log of Foreign Direct Investment INR_FDI = interaction between interest rate and foreign direct investment lnGDI = Log of Gross Domestic Investment lnLAB = Log of Labour force participation rate lnOPEN = Log of index of openness lnELEC = Log of electricity consumption per capita lnEXR = Log of real exchange rate

Historical dataset showing Nigeria foreign direct investment by year from 1970 to 2023.

Nigeria NG: BOP: Financial Account: Foreign Direct Investment: Net data was reported at -2.213 USD bn in 2017. This records an increase from the previous number of -3.141 USD bn for 2016. Nigeria NG: BOP: Financial Account: Foreign Direct Investment: Net data is updated yearly, averaging -1.140 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 738.870 USD mn in 1980 and a record low of -8.024 USD bn in 2011. Nigeria NG: BOP: Financial Account: Foreign Direct Investment: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Capital and Financial Account. Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows total net FDI. In BPM6, financial account balances are calculated as the change in assets minus the change in liabilities. Net FDI outflows are assets and net FDI inflows are liabilities. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. In BPM6, the headings of the financial account have been changed from credits and debits to net acquisition of financial assets and net incurrence of liabilities; i.e., all changes due to credit and debit entries are recorded on a net basis separately for financial assets and liabilities. Financial account balances are calculated as the change in assets minus the change in liabilities; signs are reversed from previous editions.

Canada CA: Foreign Direct Investment Position: Outward: USD: Total: Nigeria data was reported at 62.882 USD mn in 2023. This records an increase from the previous number of 60.303 USD mn for 2022. Canada CA: Foreign Direct Investment Position: Outward: USD: Total: Nigeria data is updated yearly, averaging 284.755 USD mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 528.494 USD mn in 2014 and a record low of -21.209 USD mn in 2021. Canada CA: Foreign Direct Investment Position: Outward: USD: Total: Nigeria data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.FDI: Foreign Direct Investment Position: USD: by Region and Country: OECD Member: Annual. Reverse investment:Reverse investment in equity (when a direct investment enterprise acquires less than 10% equity ownership in its parent) cannot be identified but is believed to be extremely rare. Netting of reverse investment in debt (when a direct investment enterprise extends a loan to its parent) is applied in the recording of total inward and outward FDI transactions and positions. In the case of Canada, any extension of loans by the DIE to its parent is netted out from inward and outward transactions and positions, regardless of the DIE's equity ownership in its parent. Treatment of debt transactions and positions between fellow enterprises: asset/liability basis. FDI transactions and positions by partner country and by industry include resident Special Purpose Entities (SPEs), which cannot yet be reported separately. Valuation method used for listed inward and outward equity positions: Own funds at book values. Valuation method used for unlisted inward and outward equity positions: Own funds at book values. Valuation method used for inward and outward debt positions: Book value .; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward and outward FDI transactions and positions is according to the immediate counterparty. Inward FDI positions according to the ultimate counterparty (the ultimate investing country) are also available and publishable. In the dataset 'FDI statistics by parner country and by industry - Summary', inward FDI positions are showed according to the UIC. Intercompany debt between related financial intermediaries, including permanent debt, are excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered except in outward FDI positions. Collective investment institutions are covered as direct investment enterprises. Non-profit institutions serving households are covered as direct investors. FDI statistics are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI transactions and positions are allocated to the activity of the resident direct investment enterprise. Outward FDI transactions are allocated according to the activity of the resident direct investor. Outward FDI positions are allocated according to the activity of the non resident direct investment enterprise. Statistical unit: Enterprise.