Foreign investment in manufacturing slumps 50.7% to $152m in Q1’26

June 10, 2026

(FILES) Shipping containers from Hede Shipping, from the Chinese state-owned Hebei Port Group, are seen stacked at the Port of Los Angeles in Los Angeles, California on October 13, 2025. A US trade court on Thursday dealt President Donald Trump a fresh setback, ruling against the 10-percent global tariffs he instituted after the Supreme Court struck down many earlier duties. (Photo by Frederic J. BROWN / AFP)

By Yinka Kolawole

Foreign investment into Nigeria’s production and manufacturing sector declined sharply by 50.7 percent quarter-on-quarter to $152.27 million in the first quarter of 2026 (Q1’26), down from $308.93 million recorded in the preceding quarter (Q4’25), according to the latest Capital Importation Report released by the National Bureau of Statistics (NBS).

The report revealed that the sector accounted for only 1.47 per cent of the total capital importation valued at $10.37 billion recorded during the review period, highlighting the continued struggle to attract significant foreign capital into the productive segment of the economy.