Foreign direct investment (FDI) inflows (millions of United States) in Nigeria
Nigeria: Foreign direct investment (FDI) inflows (millions of United States) was 1,080 million current US$ in 2024. ◆ Volatile
Latest (2024)
1,080 million current US$
Change on year
down 42.3%
World rank
106th
of 224 countries
All-time high
8,915 million current US$
in 2011
All-time low
775.25 million current US$
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. Measured in million current US$.
Analysis
In 2024, foreign direct investment (fdi) inflows in Nigeria stood at 1,080 million current US$.
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 million current US$ in 2011 and was at its lowest, 775.25 million current US$, in 2018.
That places Nigeria 106th out of 224 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign direct investment (FDI) inflows (millions of United States) in Nigeria, year by year
| Year | million current US$ | Change |
|---|---|---|
| 1990 | 1,002 million current US$ | — |
| 1991 | 1,124 million current US$ | +12.1% |
| 1992 | 1,157 million current US$ | +2.9% |
| 1993 | 1,878 million current US$ | +62.4% |
| 1994 | 2,287 million current US$ | +21.8% |
| 1995 | 1,271 million current US$ | -44.4% |
| 1996 | 2,191 million current US$ | +72.4% |
| 1997 | 1,642 million current US$ | -25.0% |
| 1998 | 1,210 million current US$ | -26.3% |
| 1999 | 1,178 million current US$ | -2.7% |
| 2000 | 1,310 million current US$ | +11.2% |
| 2001 | 1,277 million current US$ | -2.5% |
| 2002 | 2,040 million current US$ | +59.7% |
| 2003 | 2,171 million current US$ | +6.4% |
| 2004 | 2,127 million current US$ | -2.0% |
| 2005 | 4,978 million current US$ | +134.0% |
| 2006 | 4,898 million current US$ | -1.6% |
| 2007 | 6,087 million current US$ | +24.3% |
| 2008 | 8,249 million current US$ | +35.5% |
| 2009 | 8,650 million current US$ | +4.9% |
| 2010 | 6,099 million current US$ | -29.5% |
| 2011 | 8,915 million current US$ | +46.2% |
| 2012 | 7,127 million current US$ | -20.1% |
| 2013 | 5,608 million current US$ | -21.3% |
| 2014 | 4,694 million current US$ | -16.3% |
| 2015 | 3,064 million current US$ | -34.7% |
| 2016 | 3,453 million current US$ | +12.7% |
| 2017 | 2,413 million current US$ | -30.1% |
| 2018 | 775.25 million current US$ | -67.9% |
| 2019 | 2,305 million current US$ | +197.3% |
| 2020 | 2,385 million current US$ | +3.5% |
| 2021 | 3,313 million current US$ | +38.9% |
| 2022 | 894.77 million current US$ | -73.0% |
| 2023 | 1,873 million current US$ | +109.3% |
| 2024 | 1,080 million current US$ | -42.3% |
Nigeria compared with similar countries
- Nigeria's 1,080 million current US$ is above the median for lower middle income countries, which is 936.46 million current US$, 1.2× the median. (43 countries reporting)
- Nigeria's 1,080 million current US$ is above the median for Sub-Saharan Africa, which is 596.7 million current US$, 1.8× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,494 million current US$ | 1,002 million current US$ | 2,287 million current US$ | 10 |
| 2000s | 4,179 million current US$ | 1,277 million current US$ | 8,650 million current US$ | 10 |
| 2010s | 4,445 million current US$ | 775.25 million current US$ | 8,915 million current US$ | 10 |
| 2020s | 1,909 million current US$ | 894.77 million current US$ | 3,313 million current US$ | 5 |
Countries ranked near Nigeria
- 103 Gabon 1,145 million current US$ compare
- 104 Bosnia and Herzegovina 1,113 million current US$ compare
- 105 Myanmar 1,095 million current US$ compare
- 107 Chad 1,019 million current US$ compare
- 108 Honduras 993.9 million current US$ compare
- 109 Lao People's Democratic Republic 988.46 million current US$ compare
- 109 Laos 988.46 million current US$ compare
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % 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 million current US$ 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 million current US$ in 2011.
- What is the lowest foreign direct investment (fdi) inflows recorded in Nigeria?
- The lowest recorded value was 775.25 million current US$ in 2018.
- How does Nigeria rank for foreign direct investment (fdi) inflows?
- Nigeria ranks 106th out of 224 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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