Foreign direct investment (FDI) inflows in Nigeria
Nigeria: Foreign direct investment (FDI) inflows was 1,080 in 2024. ◆ Volatile
Latest (2024)
1,080
Change on year
down 42.3%
World rank
105th
of 222 countries
All-time high
8,915
in 2011
All-time low
775.25
in 2018
Years of data
35
1990–2024
Foreign direct investment (FDI) inflows in Nigeria, 1990–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, foreign direct investment (fdi) inflows in Nigeria stood at 1,080.
Compared with earlier readings it is down 42.3% on the previous year and down 77.0% over ten years.
Over the whole period, foreign direct investment (fdi) inflows in Nigeria peaked at 8,915 in 2011 and was at its lowest, 775.25, in 2018.
That places Nigeria 105th out of 222 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign direct investment (FDI) inflows in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 1,002 | — |
| 1991 | 1,124 | +12.1% |
| 1992 | 1,157 | +2.9% |
| 1993 | 1,878 | +62.4% |
| 1994 | 2,287 | +21.8% |
| 1995 | 1,271 | -44.4% |
| 1996 | 2,191 | +72.4% |
| 1997 | 1,642 | -25.0% |
| 1998 | 1,210 | -26.3% |
| 1999 | 1,178 | -2.7% |
| 2000 | 1,310 | +11.2% |
| 2001 | 1,277 | -2.5% |
| 2002 | 2,040 | +59.7% |
| 2003 | 2,171 | +6.4% |
| 2004 | 2,127 | -2.0% |
| 2005 | 4,978 | +134.0% |
| 2006 | 4,898 | -1.6% |
| 2007 | 6,087 | +24.3% |
| 2008 | 8,249 | +35.5% |
| 2009 | 8,650 | +4.9% |
| 2010 | 6,099 | -29.5% |
| 2011 | 8,915 | +46.2% |
| 2012 | 7,127 | -20.1% |
| 2013 | 5,608 | -21.3% |
| 2014 | 4,694 | -16.3% |
| 2015 | 3,064 | -34.7% |
| 2016 | 3,453 | +12.7% |
| 2017 | 2,413 | -30.1% |
| 2018 | 775.25 | -67.9% |
| 2019 | 2,305 | +197.3% |
| 2020 | 2,385 | +3.5% |
| 2021 | 3,313 | +38.9% |
| 2022 | 894.77 | -73.0% |
| 2023 | 1,873 | +109.3% |
| 2024 | 1,080 | -42.3% |
Nigeria compared with similar countries
- Nigeria's 1,080 is above the median for lower middle income countries, which is 936.46, 1.2× the median. (43 countries reporting)
- Nigeria's 1,080 is above the median for Sub-Saharan Africa, which is 596.7, 1.8× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,494 | 1,002 | 2,287 | 10 |
| 2000s | 4,179 | 1,277 | 8,650 | 10 |
| 2010s | 4,445 | 775.25 | 8,915 | 10 |
| 2020s | 1,909 | 894.77 | 3,313 | 5 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is foreign direct investment (fdi) inflows in Nigeria?
- Foreign direct investment (fdi) inflows in Nigeria was 1,080 in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest foreign direct investment (fdi) inflows recorded in Nigeria?
- The highest recorded value was 8,915 in 2011.
- What is the lowest foreign direct investment (fdi) inflows recorded in Nigeria?
- The lowest recorded value was 775.25 in 2018.
- How does Nigeria rank for foreign direct investment (fdi) inflows?
- Nigeria ranks 105th out of 222 countries with data for 2024.
- Is foreign direct investment (fdi) inflows rising or falling in Nigeria?
- Over the last ten years it is down 77.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Foreign direct investment (FDI) inflows (millions of United States dollars). Statizoid updates them automatically from the source API.
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