Total FDI inflows — Value US$ in Nigeria
Nigeria: Total FDI inflows — Value US$ was 1,873 million USD in 2023. ◆ Volatile
Total FDI inflows — Value US$ in Nigeria, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Nigeria recorded 1,873 million USD for total fdi inflows — value us$ in 2023.
That represents a change of up 109.3% on the previous year and down 66.6% over ten years.
Over the whole period, total fdi inflows — value us$ in Nigeria peaked at 8,915 million USD in 2011 and was at its lowest, 775.25 million USD, in 2018.
Nigeria ranks 74th of 191 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total FDI inflows — Value US$ in Nigeria, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 1,002 million USD | — |
| 1991 | 1,124 million USD | +12.1% |
| 1992 | 1,157 million USD | +2.9% |
| 1993 | 1,878 million USD | +62.4% |
| 1994 | 2,287 million USD | +21.8% |
| 1995 | 1,271 million USD | -44.4% |
| 1996 | 2,191 million USD | +72.4% |
| 1997 | 1,642 million USD | -25.0% |
| 1998 | 1,210 million USD | -26.3% |
| 1999 | 1,178 million USD | -2.7% |
| 2000 | 1,310 million USD | +11.2% |
| 2001 | 1,277 million USD | -2.5% |
| 2002 | 2,040 million USD | +59.7% |
| 2003 | 2,171 million USD | +6.4% |
| 2004 | 2,127 million USD | -2.0% |
| 2005 | 4,978 million USD | +134.0% |
| 2006 | 4,898 million USD | -1.6% |
| 2007 | 6,087 million USD | +24.3% |
| 2008 | 8,249 million USD | +35.5% |
| 2009 | 8,650 million USD | +4.9% |
| 2010 | 6,099 million USD | -29.5% |
| 2011 | 8,915 million USD | +46.2% |
| 2012 | 7,127 million USD | -20.1% |
| 2013 | 5,608 million USD | -21.3% |
| 2014 | 4,694 million USD | -16.3% |
| 2015 | 3,064 million USD | -34.7% |
| 2016 | 3,453 million USD | +12.7% |
| 2017 | 2,413 million USD | -30.1% |
| 2018 | 775.25 million USD | -67.9% |
| 2019 | 2,305 million USD | +197.3% |
| 2020 | 2,385 million USD | +3.5% |
| 2021 | 3,313 million USD | +38.9% |
| 2022 | 894.76 million USD | -73.0% |
| 2023 | 1,873 million USD | +109.3% |
Nigeria compared with similar countries
- Nigeria's 1,873 million USD is above the median for lower middle income countries, which is 626.47 million USD, 3.0× the median. (41 countries reporting)
- Nigeria's 1,873 million USD is above the median for Sub-Saharan Africa, which is 535.74 million USD, 3.5× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,494 million USD | 1,002 million USD | 2,287 million USD | 10 |
| 2000s | 4,179 million USD | 1,277 million USD | 8,650 million USD | 10 |
| 2010s | 4,445 million USD | 775.25 million USD | 8,915 million USD | 10 |
| 2020s | 2,116 million USD | 894.76 million USD | 3,313 million USD | 4 |
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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is total fdi inflows — value us$ in Nigeria?
- Total fdi inflows — value us$ in Nigeria was 1,873 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total fdi inflows — value us$ recorded in Nigeria?
- The highest recorded value was 8,915 million USD in 2011.
- What is the lowest total fdi inflows — value us$ recorded in Nigeria?
- The lowest recorded value was 775.25 million USD in 2018.
- How does Nigeria rank for total fdi inflows — value us$?
- Nigeria ranks 74th out of 191 countries with data for 2023.
- Is total fdi inflows — value us$ rising or falling in Nigeria?
- Over the last ten years it is down 66.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total FDI inflows — Value US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
FDI is an investment which aims to acquire a lasting management influence (10 percent or more of the voting stock) in an enterprise operating in a foreign economy. FDI may be undertaken by individuals, as well as business entities. The foreign direct investor most often is aiming to gain access to natural resources, to markets, to labour supply, to technology, to ensure security of supplies or to control the quality of a certain product. FDI can be decomposed into two types of investments: mergers and acquisitions (MA) and greenfield investments. The latter type results in the creation of new entities and the setting up of offices, buildings, plants or factories from scratch in a foreign economy. FDI is the sum of equity capital, reinvested earnings and other FDI capital. Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery. Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Other FDI capital (loans) includes the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. FDI inflows and outflows are important for tracking the direct investment conditions each year. Outward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions from the reporting economy during a year. It represents transactions affecting the investment in enterprises resident abroad. Whereas, Inward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions received by the reporting economy during a year. It represents transactions affecting the investment in enterprises of a specific industry resident in the reporting economy.